SABMiller plc Receives Equal weight Rating from Barclays (SAB)
SABMiller plc (LON:SAB)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a report issued on Tuesday. They currently have a GBX 3,400 ($56.26) target price on the stock. Barclays’ target price indicates a potential upside of 3.36% from the company’s current price.
SABMiller plc (LON:SAB) opened at 3288.4998 on Tuesday. SABMiller plc has a one year low of GBX 2650.50 and a one year high of GBX 3459.9998. The stock’s 50-day moving average is GBX 1296.06 and its 200-day moving average is GBX 1763.. The company’s market cap is £52.606 billion.
A number of other firms have also recently commented on SAB. 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 ($65.20) price target on the stock. Separately, 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 ($54.61) price target on the stock. Finally, 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 ($56.26) price target on the stock. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 3,377.45 ($55.89).
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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