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SABMiller plc (LON:SAB)‘s stock had its “sector performer” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 3,300 ($54.61) price objective on the stock. RBC Capital’s price target indicates a potential downside of 0.53% from the stock’s previous close.

Shares of SABMiller plc (LON:SAB) opened at 3309.00 on Wednesday. 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 1173. and its 200-day moving average is GBX 1740.. The company’s market cap is £52.934 billion.

A number of other analysts have also recently weighed in on SAB. Analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Tuesday. They now have a GBX 3,400 ($56.26) 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 22nd. They now have a GBX 3,940 ($65.20) 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. SABMiller plc currently has an average rating of “Hold” and an average price target 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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