SABMiller plc Given “Outperform” Rating at Sanford C. Bernstein (SAB)
SABMiller plc (LON:SAB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 3,940 ($66.30) price objective on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 25.94% from the stock’s previous close.
SAB has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,500 ($58.89) price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SABMiller plc presently has an average rating of “Hold” and an average price target of GBX 3,378.20 ($56.84).
Shares of SABMiller plc (LON:SAB) opened at 3127.50 on Friday. SABMiller plc has a 52-week low of GBX 2650.50 and a 52-week 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 £50.030 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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