Canaccord Genuity Reaffirms “Buy” Rating for SABMiller plc (SAB)
SABMiller plc (LON:SAB)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They currently have a GBX 3,800 ($63.06) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 13.57% from the company’s current price.
A number of other analysts have also recently weighed in on SAB. Analysts at SBG Securities reiterated a “hold” rating on shares of SABMiller plc in a research note on Monday. They now have a GBX 3,600 ($59.74) price target on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 3,384.87 ($56.17).
SABMiller plc (LON:SAB) opened at 3364.50 on Wednesday. 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 1175.68 and its 200-day moving average is GBX 1728.. The company’s market cap is £53.822 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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