SABMiller’s “Add” Rating Reaffirmed at Numis Securities Ltd (SAB)
SABMiller (LON:SAB)‘s stock had its “add” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 3,500 ($57.45) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 13.42% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,100 ($50.89) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SABMiller in a research note to investors on Thursday, January 16th. They now have a GBX 3,500 ($57.45) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of SABMiller in a research note to investors on Thursday, January 16th. They now have a GBX 2,700 ($44.32) price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. SABMiller presently has an average rating of “Hold” and a consensus target price of GBX 3,390.47 ($55.65).
Shares of SABMiller (LON:SAB) traded down 0.26% during mid-day trading on Tuesday, hitting GBX 3086.00. The stock had a trading volume of 4,176,168 shares. SABMiller has a one year low of GBX 2938.00 and a one year high of GBX 3683.50. The stock’s 50-day moving average is GBX 1740. and its 200-day moving average is GBX 2356.. The company’s market cap is £49.222 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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