SABMiller plc Stock Rating Reaffirmed by Beaufort Securities (SAB)
SABMiller plc (LON:SAB) traded down 2.06% during mid-day trading on Tuesday, hitting GBX 3286.00. The stock had a trading volume of 1,679,563 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 1823. and its 200-day moving average is GBX 1919.. The company’s market cap is £52.566 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SABMiller plc in a research note on Friday. They now have a GBX 3,430 ($58.83) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Monday, June 30th. They now have a GBX 3,940 ($67.58) 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 27th. They now have a GBX 3,300 ($56.60) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,366.44 ($57.74).
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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