SABMiller Stock Rating Reaffirmed by Sanford C. Bernstein (SAB)
SABMiller (LON:SAB)‘s stock had its “market perform” rating reiterated by stock analysts at Sanford C. Bernstein in a report issued on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 3,630 ($59.59) price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 17.63% from the company’s current price.
A number of other analysts have also recently weighed in on SAB. Analysts at Societe Generale reiterated a “buy” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,700 ($60.74) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller in a research note to investors on Wednesday. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,300 ($54.17) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company. SABMiller has a consensus rating of “Hold” and a consensus price target of GBX 3,393.66 ($55.71).
Shares of SABMiller (LON:SAB) traded down 1.34% on Wednesday, hitting GBX 3044.50. The stock had a trading volume of 1,100,339 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 1740. and its 200-day moving average is GBX 2356.. The company’s market cap is £48.560 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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