Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.