SABMiller Given Average Recommendation of “Hold” by Analysts (LON:SAB)
Shares of SABMiller (LON:SAB) have been given a consensus rating of “Hold” by the thirty-four ratings firms that are presently covering the company, StockRatingsNetwork.com reports. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 3,393.86 ($55.68).
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of SABMiller from GBX 3,100 ($50.86) to GBX 3,200 ($52.50) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller in a research note on Wednesday. They now have a GBX 3,500 ($57.42) price target on the stock. Finally, analysts at Nomura cut their price target on shares of SABMiller from GBX 2,700 ($44.30) to GBX 2,600 ($42.66) in a research note on Tuesday. They now have a “reduce” rating on the stock.
Shares of SABMiller (LON:SAB) traded up 0.02% on Wednesday, hitting GBX 2779.00. The stock had a trading volume of 2,109,336 shares. SABMiller has a one year low of GBX 2650.50 and a one year high of GBX 3683.50. The stock has a 50-day moving average of GBX 1917. and a 200-day moving average of GBX 2300.. The company’s market cap is £44.325 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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