SABMiller Given Sell Rating at Liberum Capital (SAB)
SABMiller (LON:SAB)‘s stock had its “sell” rating restated by investment analysts at Liberum Capital in a note issued to investors on Thursday, AR Network reports. They currently have a GBX 2,700 ($44.28) target price on the stock. Liberum Capital’s price target would suggest a potential downside of 9.88% from the stock’s previous close.
Shares of SABMiller (LON:SAB) opened at 2996.00 on Thursday. SABMiller has a 52 week low of GBX 2888.00 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 2004. and its 200-day moving average is GBX 2433.. The company’s market cap is £47.786 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,675 ($60.28) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,250 ($53.30) price target on the stock, down previously from GBX 3,400 ($55.77). Finally, analysts at BNP Paribas cut their price target on shares of SABMiller from GBX 3,600 ($59.05) to GBX 3,500 ($57.41) in a research note to investors on Monday, January 6th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 3,393.22 ($55.65).
SABMiller plc is a holding company which has brewing and beverage interests across six continents. The Company is engaged in manufacture, distribution and sale of beverages.
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