SABMiller Given Buy Rating at Stifel Nicolaus (SAB)
SABMiller (LON:SAB)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 3,600 ($59.32) price objective on the stock. Stifel Nicolaus’ target price points to a potential upside of 25.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “reduce” rating on shares of SABMiller in a research note to investors on Tuesday. They now have a GBX 2,700 ($44.49) price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of SABMiller to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a GBX 3,100 ($51.08) price target on the stock, down previously from GBX 3,200 ($52.73). Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of SABMiller in a research note to investors on Wednesday, January 22nd. They now have a GBX 3,630 ($59.81) price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. SABMiller currently has a consensus rating of “Hold” and a consensus target price of GBX 3,397.09 ($55.97).
Shares of SABMiller (LON:SAB) traded down 0.90% on Tuesday, hitting GBX 2853.00. The stock had a trading volume of 2,398,588 shares. SABMiller has a 1-year low of GBX 2882.50 and a 1-year high of GBX 3683.50. The stock has a 50-day moving average of GBX 1727. and a 200-day moving average of GBX 2304.56. The company’s market cap is £45.505 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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