SABMiller plc Given “Reduce” Rating at Nomura (SAB)
SABMiller plc (LON:SAB)‘s stock had its “reduce” rating reaffirmed by Nomura in a research note issued on Monday. They currently have a GBX 2,850 ($48.70) target price on the stock. Nomura’s price target points to a potential downside of 15.43% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,400 ($58.10) price target on the stock. Separately, analysts at Renaissance Capital reiterated a “sell” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,250 ($55.54) price target on the stock. Finally, analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller plc in a research note on Monday, July 14th. They now have a GBX 3,650 ($62.37) price target on the stock. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,361.53 ($57.44).
Shares of SABMiller plc (LON:SAB) traded down 0.12% during mid-day trading on Monday, hitting GBX 3389.00. 3,071,850 shares of the company’s stock traded hands. 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 1236. and its 200-day moving average is GBX 1813.. The company’s market cap is £54.214 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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