RBC Capital Reiterates “Sector Perform” Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “sector perform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 3,300 ($55.58) target price on the stock. RBC Capital’s price target suggests a potential upside of 3.06% from the company’s current price.
SABMiller plc (LON:SAB) traded down 0.47% on Tuesday, hitting GBX 3187.00. The stock had a trading volume of 950,785 shares. SABMiller plc has a 52 week low of GBX 2650.50 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 2764.18 and its 200-day moving average is GBX 2672.59. The company’s market cap is £50.833 billion.
A number of other analysts have also recently weighed in on SAB. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of SABMiller plc in a research note on Monday. They now have a GBX 3,000 ($50.53) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller plc in a research note on Thursday, May 8th. They now have a GBX 3,500 ($58.95) price target on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. SABMiller plc has a consensus rating of “Hold” and a consensus price target of GBX 3,380.03 ($56.93).
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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