SABMiller (LON:SAB)‘s stock had its “market perform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a GBX 3,300 ($50.37) price target on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 4.43% from the stock’s previous close.
Shares of SABMiller (LON: SAB) opened at 3128.00 on Friday. SABMiller has a one year low of GBX 2589.5801 and a one year high of GBX 3683.50. The stock’s 50-day moving average is currently GBX 2739.. The company’s market cap is £49.858 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec cut their price target on shares of SABMiller from GBX 3,700 ($56.47) to GBX 3,400 ($51.89) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of SABMiller from GBX 3,920 ($59.83) to GBX 3,800 ($58.00) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of SABMiller in a research note to investors on Friday.
Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 3,517.60 ($53.69).
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.