SABMiller plc’s “Neutral” Rating Reaffirmed at Credit Suisse (SAB)
SABMiller plc (LON:SAB)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a GBX 3,400 ($58.10) target price on the stock. Credit Suisse’s price target would suggest a potential upside of 1.49% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at Beaufort Securities reiterated a “buy” rating on shares of SABMiller plc in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,430 ($58.61) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,400 ($58.10) price target on the stock. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 3,361.53 ($57.44).
SABMiller plc (LON:SAB) opened at 3337.50 on Friday. SABMiller plc has a one year low of GBX 2650.50 and a one year high of GBX 3459.9998. The stock’s 50-day moving average is GBX 2185. and its 200-day moving average is GBX 2513.. The company’s market cap is £53.390 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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