SABMiller plc Stock Rating Reaffirmed by RBC Capital (SAB)
SABMiller plc (LON:SAB)‘s stock had its “sector perform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 3,300 ($54.76) target price on the stock. RBC Capital’s price objective indicates a potential downside of 1.71% from the stock’s previous close.
A number of other firms have also recently commented on SAB. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of SABMiller plc in a research note on Wednesday. They now have a GBX 3,800 ($63.06) price target on the stock. Separately, 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. 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 given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 3,384.87 ($56.17).
Shares of SABMiller plc (LON:SAB) opened at 3376.50 on Thursday. 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 1177. and a 200-day moving average of GBX 1732.81. The company’s market cap is £54.014 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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