Canaccord Genuity upgraded shares of SABMiller plc (NASDAQ:SBMRY) from a sell rating to a hold rating in a research report released on Thursday morning, AnalystRatingsNetwork.com reports.
Canaccord Genuity has also updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Celestica from a buy rating to a hold rating. Also, Canaccord Genuity downgraded shares of Magna International from a buy rating to a hold rating.
Shares of SABMiller plc (NASDAQ:SBMRY) traded down 1.25% on Thursday, hitting $50.40. The stock had a trading volume of 4,227 shares. SABMiller plc has a 52 week low of $41.30 and a 52 week high of $57.07. The stock has a 50-day moving average of $49.67 and a 200-day moving average of $50.61. The company has a market cap of $80.334 billion and a price-to-earnings ratio of 25.08.
A number of other firms have also recently commented on SBMRY. Analysts at Citigroup Inc. downgraded shares of SABMiller plc from a buy rating to a neutral rating in a research note to investors on Monday, October 14th. Separately, analysts at Stifel Nicolaus initiated coverage on shares of SABMiller plc in a research note to investors on Tuesday, October 8th. They set a buy rating on the stock. Finally, analysts at Credit Suisse downgraded shares of SABMiller plc from an outperform rating to a neutral rating in a research note to investors on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $60.00.
SABMiller plc is a holding company. It has brewing and beverage interests across six continents: Latin America, Europe, North America, Africa, Asia and South Africa.
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