RBC Capital Reiterates “Sector Perform” Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “sector perform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Friday. They currently have a GBX 3,300 ($55.36) price objective on the stock. RBC Capital’s target price suggests a potential upside of 2.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of SABMiller plc in a research note on Thursday. They now have a GBX 3,400 ($57.04) price target on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 3,378.20 ($56.67).
Shares of SABMiller plc (LON:SAB) opened at 3260.50 on Friday. 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 1447. and a 200-day moving average of GBX 1819.. The company’s market cap is £52.158 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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