SABMiller’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (SAB)
SABMiller (LON:SAB)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Analyst RN reports. They currently have a GBX 3,500 ($57.68) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 14.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “reduce” rating on shares of SABMiller in a research note to investors on Thursday. They now have a GBX 2,700 ($44.50) price target on the stock. Separately, analysts at Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Friday, January 10th. They now have a GBX 3,675 ($60.56) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of SABMiller in a research note to investors on Thursday, January 9th. They now have a GBX 3,000 ($49.44) price target on the stock. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,390.47 ($55.87).
SABMiller (LON:SAB) traded up 1.29% during mid-day trading on Thursday, hitting GBX 3065.00. The stock had a trading volume of 2,735,184 shares. SABMiller has a 52-week low of GBX 2938.00 and a 52-week high of GBX 3683.50. The stock’s 50-day moving average is GBX 1994.18 and its 200-day moving average is GBX 2405.31. The company’s market cap is £48.887 billion.
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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