Barclays Reiterates Equal weight Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Friday, AnalystRatings.NET reports. They currently have a GBX 3,300 ($55.30) price objective on the stock. Barclays’ target price would indicate a potential upside of 16.61% from the stock’s previous close.
SABMiller plc (LON:SAB) opened at 2830.00 on Friday. SABMiller plc has a 52-week low of GBX 2650.50 and a 52-week high of GBX 3683.50. The stock has a 50-day moving average of GBX 1809. and a 200-day moving average of GBX 2214.. The company’s market cap is £45.139 billion.
SAB has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “neutral” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,300 ($55.30) price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of SABMiller plc to a “conviction-buy” rating in a research note on Thursday, February 13th. They now have a GBX 3,580 ($60.00) price target on the stock, down previously from GBX 3,900 ($65.36). Finally, analysts at Credit Suisse raised their price target on shares of SABMiller plc from GBX 3,100 ($51.95) to GBX 3,200 ($53.63) in a research note on Wednesday, February 12th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 3,392.82 ($56.86).
SABMiller plc is a holding company, which has brewing and beverage interests across six continents. The Company together with its subsidiaries is engaged in the manufacture, distribution and sale of beverages.
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