SABMiller plc Stock Rating Reaffirmed by Sanford C. Bernstein (SAB)
SABMiller plc (LON:SAB)‘s stock had its “outperform” rating reiterated by Sanford C. Bernstein in a research note issued on Friday. They currently have a GBX 3,940 ($66.88) price objective on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 16.05% from the company’s current price.
Shares of SABMiller plc (LON:SAB) opened at 3413.4998 on Friday. SABMiller plc has a 52 week low of GBX 2650.50 and a 52 week high of GBX 3459.9998. The stock has a 50-day moving average of GBX 1966. and a 200-day moving average of GBX 1953.. The company’s market cap is £54.582 billion.
A number of other analysts have also recently weighed in on SAB. Analysts at Canaccord Genuity upgraded shares of SABMiller plc to a “buy” rating in a research note on Friday. They now have a GBX 3,800 ($64.51) price target on the stock, up previously from GBX 3,000 ($50.93). Separately, analysts at Nomura reiterated a “reduce” rating on shares of SABMiller plc in a research note on Monday. They now have a GBX 2,850 ($48.38) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of SABMiller plc in a research note on Friday, June 13th. They now have a GBX 3,300 ($56.02) price target on the stock. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. SABMiller plc has a consensus rating of “Hold” and an average target price of GBX 3,381.48 ($57.40).
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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