SABMiller plc Receives Average Recommendation of “Hold” from Analysts (NASDAQ:SBMRY)
Shares of SABMiller plc (NASDAQ:SBMRY) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, Analyst Ratings Network reports. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.
Shares of SABMiller plc (NASDAQ:SBMRY) traded up 3.61% during mid-day trading on Tuesday, hitting $57.07. The stock had a trading volume of 4,723 shares. SABMiller plc has a 1-year low of $43.51 and a 1-year high of $57.35. The stock’s 50-day moving average is $54.49 and its 200-day moving average is $50.50. The company has a market cap of $91.255 billion and a price-to-earnings ratio of 26.34.
A number of analysts have recently weighed in on SBMRY shares. Analysts at Morgan Stanley downgraded shares of SABMiller plc from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 4th. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Monday, June 2nd. Finally, analysts at Investec downgraded shares of SABMiller plc from a “hold” rating to a “sell” rating in a research note on Tuesday, May 27th.
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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