Societe Generale Reiterates Buy Rating for SABMiller (SAB)
SABMiller (LON:SAB)‘s stock had its “buy” rating reaffirmed by Societe Generale in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 3,700 ($60.74) price objective on the stock. Societe Generale’s target price would indicate a potential upside of 19.90% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller in a research note to investors on Wednesday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 3,393.66 ($55.71).
Shares of SABMiller (LON:SAB) opened at 3033.00 on Wednesday. SABMiller has a 52-week low of GBX 2938.00 and a 52-week 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 £48.376 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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