SABMiller plc Receives Hold Rating from Canaccord Genuity (SAB)
SABMiller plc (LON:SAB)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a report issued on Monday, Stock Ratings News reports. They currently have a GBX 3,000 ($50.53) price target on the stock. Canaccord Genuity’s target price indicates a potential downside of 5.96% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,500 ($58.95) price target on the stock. Separately, analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller plc in a research note on Tuesday, May 6th. They now have a GBX 3,250 ($54.74) price target on the stock. Finally, 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 ($55.58) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SABMiller plc has an average rating of “Hold” and an average target price of GBX 3,380.03 ($56.93).
Shares of SABMiller plc (LON:SAB) opened at 3199.50 on Monday. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year high of GBX 3683.50. The stock has a 50-day moving average of GBX 2669. and a 200-day moving average of GBX 2657.. The company’s market cap is £51.032 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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