Nomura Reiterates “Reduce” Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “reduce” rating restated by equities research analysts at Nomura in a research note issued to investors on Wednesday, American Banking & Market News reports.
A number of other firms have also recently commented on SAB. Analysts at Avior Research reiterated an “underperform” rating on shares of SABMiller plc in a research note on Tuesday, April 22nd. They now have a GBX 3,270 ($54.94) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of SABMiller plc in a research note on Tuesday, April 22nd. They now have a GBX 3,580 ($60.15) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 3,380.03 ($56.79).
SABMiller plc (LON:SAB) traded up 1.33% on Wednesday, hitting GBX 3252.3301. The stock had a trading volume of 1,636,178 shares. SABMiller plc has a one year low of GBX 29.835 and a one year high of GBX 3683.50. The stock’s 50-day moving average is GBX 1624. and its 200-day moving average is GBX 1882.. The company’s market cap is £51.875 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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