SABMiller plc Rating Reiterated by Credit Suisse (SAB)
SABMiller plc (LON:SAB)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 3,100 ($51.87) price target on the stock. Credit Suisse’s price objective suggests a potential upside of 1.91% from the stock’s previous close.
Shares of SABMiller plc (LON:SAB) traded down 0.34% during mid-day trading on Wednesday, hitting GBX 3042.00. 2,496,280 shares of the company’s stock traded hands. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year 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.
A number of other firms have also recently commented on SAB. 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. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller plc in a research note on Tuesday. They now have a GBX 3,500 ($58.56) price target on the stock. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,355.19 ($56.14).
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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