SABMiller plc’s “Equal Weight” Rating Reaffirmed at Barclays (SAB)
SABMiller plc (LON:SAB)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Friday. They currently have a GBX 3,400 ($57.19) price objective on the stock. Barclays’ price objective indicates a potential upside of 0.83% from the stock’s previous close.
A number of other analysts have also recently weighed in on SAB. 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. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of SABMiller plc in a research note on Friday. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,000 ($50.46) price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 3,355.03 ($56.43).
Shares of SABMiller plc (LON:SAB) opened at 3311.5002 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 £52.818 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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