SABMiller plc Receives Outperform Rating from Sanford C. Bernstein (SAB)
SABMiller plc (LON:SAB)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 3,850 ($64.80) price target on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 16.38% from the company’s current price.
SABMiller plc (LON:SAB) opened at 3320.00 on Friday. SABMiller plc has a 52-week low of GBX 2650.50 and a 52-week high of GBX 3416.50. The stock has a 50-day moving average of GBX 2494.87 and a 200-day moving average of GBX 2588.40. The company’s market cap is £53.087 billion.
A number of other analysts have also recently weighed in on SAB. Analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,650 ($61.44) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of SABMiller plc in a research note on Tuesday. They now have a GBX 3,300 ($55.55) price target on the stock. Finally, analysts at Investec downgraded shares of SABMiller plc to a “sell” rating in a research note on Tuesday. They now have a GBX 3,250 ($54.70) price target on the stock, up previously from GBX 3,200 ($53.86). Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 3,355.19 ($56.48).
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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