SABMiller plc Given Neutral Rating at UBS AG (SAB)
SABMiller plc (LON:SAB)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS AG in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 3,300 ($55.21) price target on the stock. UBS AG’s target price would indicate a potential upside of 8.48% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,100 ($51.87) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,500 ($58.56) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,100 ($51.87) price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 3,355.19 ($56.14).
Shares of SABMiller plc (LON:SAB) traded down 0.34% on Wednesday, hitting GBX 3042.00. The stock had a trading volume of 2,496,280 shares. SABMiller plc has a 52 week low of GBX 2650.50 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 2893. and its 200-day moving average is GBX 3016.33. The company’s market cap is £48.520 billion.
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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