SABMiller plc Receives “Neutral” Rating from Credit Suisse (SAB)
SABMiller plc (LON:SAB)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a GBX 3,400 ($57.04) price objective on the stock. Credit Suisse’s target price indicates a potential upside of 5.48% from the stock’s previous close.
A number of other analysts have also recently weighed in on SAB. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of SABMiller plc in a research note on Monday. They now have a GBX 3,800 ($63.75) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of SABMiller plc in a research note on Friday, August 8th. They now have a GBX 3,940 ($66.10) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller plc in a research note on Thursday, August 7th. They now have a GBX 3,500 ($58.71) price target on the stock. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SABMiller plc currently has an average rating of “Hold” and a consensus target price of GBX 3,378.20 ($56.67).
SABMiller plc (LON:SAB) traded up 1.23% on Thursday, hitting GBX 3263.00. 1,510,146 shares of the company’s stock traded hands. 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 1447. and a 200-day moving average of GBX 1819.. The company’s market cap is £52.198 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.