SABMiller plc (NASDAQ:SBMRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “SABMILLER PLC is one of the world’s largest brewers with brewing interests or distribution agreements in over sixty countries across six continents. The principal activities of the Company and its subsidiaries are the manufacture, distribution and sale of beverages. The group’s brands include premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world. “
Other analysts have also recently issued reports about the stock. Beaufort Securities restated a “hold” rating on shares of SABMiller plc in a report on Wednesday, July 27th. Societe Generale restated a “hold” rating on shares of SABMiller plc in a report on Tuesday, June 28th. BNP Paribas cut shares of SABMiller plc from an “outperform” rating to a “neutral” rating in a report on Friday, September 9th. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of SABMiller plc in a report on Friday, July 8th. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold”.
Shares of SABMiller plc (NASDAQ:SBMRY) opened at 57.81 on Friday. The company has a 50-day moving average price of $57.76 and a 200 day moving average price of $59.63. SABMiller plc has a one year low of $54.53 and a one year high of $65.51. The firm has a market capitalization of $93.07 billion and a P/E ratio of 34.83.
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