Deutsche Bank Increases SABMiller plc Price Target to GBX 3,500 (SAB)
Stock analysts at Deutsche Bank upped their price objective on shares of SABMiller plc (LON:SAB) from GBX 3,000 ($50.94) to GBX 3,500 ($59.43) in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 9.24% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Friday, July 25th. They now have a GBX 3,940 ($66.90) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of SABMiller plc in a research note on Friday, July 25th. They now have a GBX 3,400 ($57.73) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of SABMiller plc in a research note on Friday, July 25th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 3,378.20 ($57.36).
SABMiller plc (LON:SAB) opened at 3204.00 on Wednesday. SABMiller plc has a 52 week low of GBX 29.63 and a 52 week high of GBX 3460.00. The stock has a 50-day moving average of GBX 2003. and a 200-day moving average of GBX 2498.82. The company’s market cap is £51.254 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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