SABMiller plc (NASDAQ:SBMRY) was downgraded by equities researchers at Nomura from a “neutral” rating to a “reduce” rating in a research report issued on Thursday, StockRatingsNetwork.com reports.
A number of other firms have also recently commented on SBMRY. Analysts at HSBC upgraded shares of SABMiller plc (NASDAQ:SBMRY) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. Separately, analysts at RBC Capital initiated coverage on shares of SABMiller plc (NASDAQ:SBMRY) in a research note to investors on Tuesday, July 9th. They set an “underperform” rating on the stock. Finally, analysts at Societe Generale upgraded shares of SABMiller plc (NASDAQ:SBMRY) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 5th.
Four analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. SABMiller plc currently has an average rating of “Hold” and a consensus target price of $60.00.
Shares of SABMiller plc (NASDAQ:SBMRY) opened at 49.76 on Thursday. SABMiller plc has a 1-year low of $41.30 and a 1-year high of $57.07. The stock has a 50-day moving average of $48.86 and a 200-day moving average of $50.9. The company has a market cap of $79.314 billion and a price-to-earnings ratio of 24.45.
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.