SABMiller plc Receives Consensus Rating of “Hold” from Brokerages (LON:SAB)
Shares of SABMiller plc (LON:SAB) have been given an average rating of “Hold” by the thirty-two brokerages that are presently covering the company, AnalystRatings.NET reports. Six investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 3,381.48 ($57.55).
Shares of SABMiller plc (LON:SAB) traded up 0.78% on Thursday, hitting GBX 3359.9998. The stock had a trading volume of 1,226,776 shares. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year high of GBX 3459.9998. The stock’s 50-day moving average is GBX 1971. and its 200-day moving average is GBX 1968.. The company’s market cap is £53.726 billion.
A number of analysts have recently weighed in on SAB shares. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Friday, June 20th. They now have a GBX 3,940 ($67.05) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of SABMiller plc to a “buy” rating in a research note on Friday, June 20th. They now have a GBX 3,800 ($64.67) price target on the stock, up previously from GBX 3,000 ($51.06). Finally, analysts at Nomura reiterated a “reduce” rating on shares of SABMiller plc in a research note on Monday, June 16th. They now have a GBX 2,850 ($48.50) price target on the stock.
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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