SABMiller plc Given Consensus Recommendation of “Hold” by Analysts (LON:SAB)
SABMiller plc (LON:SAB) has been given an average recommendation of “Hold” by the thirty-one ratings firms that are presently covering the company, American Banking & Market News reports. Seven analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 3,378.20 ($56.67).
A number of analysts have recently weighed in on SAB shares. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Friday. They now have a GBX 3,940 ($66.10) price target on the stock. Separately, 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 ($58.71) price target on the stock. Finally, 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 ($61.23) price target on the stock.
Shares of SABMiller plc (LON:SAB) opened at 3132.00 on Thursday. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year high of GBX 3459.9998. The stock has a 50-day moving average of GBX 1538. and a 200-day moving average of GBX 1869.. The company’s market cap is £50.102 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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