SABMiller plc Price Target Increased to GBX 3,400 by Analysts at Credit Suisse (SAB)
Research analysts at Credit Suisse increased their price objective on shares of SABMiller plc (LON:SAB) from GBX 3,100 ($52.14) to GBX 3,400 ($57.19) in a report released on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target points to a potential upside of 0.83% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Friday. They now have a GBX 3,400 ($57.19) price target on the stock. Separately, analysts at Nomura raised their price target on shares of SABMiller plc from GBX 2,500 ($42.05) to GBX 2,850 ($47.94) in a research note on Friday. They now have a “reduce” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of SABMiller plc in a research note on Friday. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,355.03 ($56.43).
Shares of SABMiller plc (LON:SAB) opened at 3312.50 on Friday. SABMiller plc has a 52 week low of GBX 2650.50 and a 52 week high of GBX 3520.5002. The stock’s 50-day moving average is GBX 2821. and its 200-day moving average is GBX 2654.. The company’s market cap is £52.834 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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