SABMiller plc Receives Hold Rating from SBG Securities (SAB)
SABMiller plc (LON:SAB)‘s stock had its “hold” rating reissued by stock analysts at SBG Securities in a report issued on Monday. They currently have a GBX 3,600 ($59.74) price target on the stock. SBG Securities’ price target would suggest a potential upside of 8.34% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at RBC Capital reiterated a “sector performer” rating on shares of SABMiller plc in a research note on Wednesday, August 27th. They now have a GBX 3,300 ($54.76) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of SABMiller plc in a research note on Tuesday, August 26th. They now have a GBX 3,400 ($56.42) 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 22nd. They now have a GBX 3,940 ($65.38) price target on the stock. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 3,384.87 ($56.17).
Shares of SABMiller plc (LON:SAB) opened at 3304.00 on Monday. SABMiller plc has a 1-year low of GBX 2650.50 and a 1-year high of GBX 3459.9998. The stock has a 50-day moving average of GBX 1086.68 and a 200-day moving average of GBX 1739.. The company’s market cap is £52.854 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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