Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.