Barclays Reiterates Equal Weight Rating for SABMiller (SAB)
SABMiller (LON:SAB)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Wednesday, AnalystRatings.NET reports.
SABMiller (LON:SAB) opened at 3035.00 on Wednesday. SABMiller has a 1-year low of GBX 2938.00 and a 1-year high of GBX 3683.50. The stock has a 50-day moving average of GBX 1740. and a 200-day moving average of GBX 2356.. The company’s market cap is £48.408 billion.
A number of other analysts have also recently weighed in on SAB. 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. Separately, analysts at Credit Suisse cut their price target on shares of SABMiller from GBX 3,250 ($53.35) to GBX 3,200 ($52.53) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 2,700 ($44.32) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 3,393.66 ($55.71).
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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