SABMiller Receives Sell Rating from Liberum Capital (SAB)
SABMiller (LON:SAB)‘s stock had its “sell” rating reaffirmed by investment analysts at Liberum Capital in a note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 2,700 ($44.49) target price on the stock. Liberum Capital’s price target suggests a potential downside of 1.46% from the company’s current price.
Shares of SABMiller (LON:SAB) opened at 2740.00 on Friday. SABMiller has a 52-week low of GBX 2782.00 and a 52-week high of GBX 3683.50. The stock has a 50-day moving average of GBX 1562. and a 200-day moving average of GBX 2272.. The company’s market cap is £43.703 billion.
SAB has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of SABMiller in a research note to investors on Tuesday. They now have a GBX 3,600 ($59.32) price target on the stock. Separately, 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. Finally, 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). Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. SABMiller presently has an average rating of “Hold” and an average target price 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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