SABMiller plc Given “Overweight” Rating at JPMorgan Chase & Co. (SAB)
SABMiller plc (LON:SAB)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday. They currently have a GBX 3,430 ($58.42) price objective on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 1.14% from the company’s current price.
SABMiller plc (LON:SAB) opened at 3399.50 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 1723. and a 200-day moving average of GBX 1917.. The company’s market cap is £54.381 billion.
SAB has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Monday. They now have a GBX 3,940 ($67.11) 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 Friday, June 27th. They now have a GBX 3,300 ($56.21) price target on the stock. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SABMiller plc has an average rating of “Hold” and an average price target of GBX 3,381.48 ($57.60).
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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