SABMiller plc Stock Rating Reaffirmed by Kepler Capital Markets (SAB)
SABMiller plc (LON:SAB)‘s stock had its “reduce” rating reiterated by equities research analysts at Kepler Capital Markets in a research note issued to investors on Tuesday. They currently have a GBX 2,900 ($49.74) price objective on the stock. Kepler Capital Markets’ price objective points to a potential downside of 13.56% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of SABMiller plc in a research note on Tuesday. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. SABMiller plc currently has a consensus rating of “Hold” and a consensus price target of GBX 3,366.44 ($57.74).
SABMiller plc (LON:SAB) opened at 3316.50 on Tuesday. 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 1872. and a 200-day moving average of GBX 1940.68. The company’s market cap is £53.054 billion.
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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