Shares of SABMiller plc (LON:SAB) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the company. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 4,135 ($53.97).
SAB has been the subject of several recent analyst reports. Credit Suisse Group AG cut their price objective on shares of SABMiller plc from GBX 3,300 ($43.08) to GBX 3,100 ($40.46) and set an “underperform” rating for the company in a research report on Thursday, August 25th. BNP Paribas downgraded SABMiller plc to a “neutral” rating and set a GBX 4,500 ($58.74) target price for the company. in a research note on Friday, September 9th. Societe Generale reissued a “hold” rating on shares of SABMiller plc in a research note on Tuesday, June 28th. Beaufort Securities downgraded SABMiller plc to a “hold” rating in a research note on Thursday, July 28th. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 4,400 ($57.43) target price on shares of SABMiller plc in a research note on Thursday, July 7th.
SABMiller plc (LON:SAB) remained flat at GBX 4495.00 on Monday. The company had a trading volume of 10,311,181 shares. SABMiller plc has a 12 month low of GBX 3,566.50 and a 12 month high of GBX 4,590.80. The firm’s 50 day moving average is GBX 4,410.24 and its 200 day moving average is GBX 4,321.93. The firm’s market capitalization is GBX 72.37 billion.
SABMiller plc Company Profile
SABMiller plc (SABMiller) is a holding company, which has brewing and beverage operations across five regions. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It operates in six segments: Latin America, Africa, Asia Pacific, Europe, North America and Corporate.
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