SABMiller’s “Reduce” Rating Reaffirmed at Nomura (SAB)
SABMiller (LON:SAB)‘s stock had its “reduce” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 2,700 ($44.49) price target on the stock. Nomura’s price target indicates a potential downside of 5.36% from the company’s current price.
Shares of SABMiller (LON:SAB) traded down 0.90% during mid-day trading on Tuesday, hitting GBX 2853.00. 2,398,588 shares of the company’s stock traded hands. SABMiller has a 52 week low of GBX 2882.50 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 1651. and its 200-day moving average is GBX 2284.82. The company’s market cap is £45.505 billion.
Other equities research analysts have also recently issued reports about the stock. 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). Separately, 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. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of SABMiller in a research note to investors on Wednesday, January 22nd. They now have a GBX 3,700 ($60.97) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 3,397.09 ($55.97).
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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