SABMiller plc Rating Reiterated by Numis Securities Ltd (SAB)
SABMiller plc (LON:SAB)‘s stock had its “add” rating restated by research analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 3,500 ($58.89) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 9.82% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller plc in a research note on Wednesday, July 30th. They now have a GBX 3,650 ($61.42) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of SABMiller plc from GBX 3,000 ($50.48) to GBX 3,500 ($58.89) in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Finally, 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 ($66.30) 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. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,378.20 ($56.84).
Shares of SABMiller plc (LON:SAB) traded down 0.03% on Thursday, hitting GBX 3186.00. The stock had a trading volume of 2,265,665 shares. SABMiller plc has a one year low of GBX 2650.50 and a one year high of GBX 3459.9998. The stock has a 50-day moving average of GBX 1629. and a 200-day moving average of GBX 1882.06. The company’s market cap is £50.966 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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