SABMiller (LON:SAB)‘s stock had its “buy” rating restated by stock analysts at Societe Generale in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 3,620 ($58.36) target price on the stock. Societe Generale’s price target indicates a potential upside of 11.90% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of SABMiller in a research note to investors on Thursday. They now have a GBX 3,500 ($56.42) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Thursday. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,300 ($53.20) price target on the stock. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 3,407.26 ($54.93).
Shares of SABMiller (LON:SAB) opened at 3266.00 on Thursday. SABMiller has a 1-year low of GBX 2614.50 and a 1-year high of GBX 3683.50. The stock has a 50-day moving average of GBX 2091.38 and a 200-day moving average of GBX 2638.31. The company’s market cap is £52.058 billion.
SABMiller plc is a holding company which has brewing and beverage interests across six continents. The Company is engaged in manufacture, distribution and sale of beverages.
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