Sanford C. Bernstein Reaffirms Outperform Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 3,940 ($65.86) target price on the stock. Sanford C. Bernstein’s target price points to a potential upside of 19.39% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of SABMiller plc in a research note on Friday, August 15th. They now have a GBX 3,300 ($55.17) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of SABMiller plc in a research note on Thursday, August 14th. They now have a GBX 3,400 ($56.84) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of SABMiller plc in a research note on Monday, August 11th. They now have a GBX 3,800 ($63.52) price target 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. The stock currently has an average rating of “Hold” and an average target price of GBX 3,378.20 ($56.47).
SABMiller plc (LON:SAB) opened at 3289.50 on Friday. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year high of GBX 3459.9998. The stock’s 50-day moving average is GBX 1264. and its 200-day moving average is GBX 1783.. The company’s market cap is £52.622 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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