SABMiller plc’s Add Rating Reaffirmed at Numis Securities Ltd (SAB)
SABMiller plc (LON:SAB)‘s stock had its “add” rating restated by analysts at Numis Securities Ltd in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 3,500 ($59.04) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 8.97% from the stock’s previous close.
SABMiller plc (LON:SAB) traded up 0.05% during mid-day trading on Thursday, hitting GBX 3212.00. The stock had a trading volume of 2,055,376 shares. SABMiller plc has a 1-year low of GBX 29.63 and a 1-year high of GBX 3554.50. The stock’s 50-day moving average is GBX 2669. and its 200-day moving average is GBX 2657.. The company’s market cap is £51.231 billion.
SAB has been the subject of a number of other recent research reports. Analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller plc in a research note on Tuesday. They now have a GBX 3,250 ($54.82) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of SABMiller plc in a research note on Friday, May 2nd. They now have a GBX 3,300 ($55.67) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of SABMiller plc in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 3,380.03 ($57.02).
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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