SABMiller plc (LON:SAB)‘s stock had its “neutral” rating restated by analysts at BNP Paribas in a research note issued to investors on Thursday. They presently have a GBX 4,500 ($59.94) price objective on the stock. BNP Paribas’ price target suggests a potential upside of 1.44% from the company’s previous close.
Several other analysts also recently commented on SAB. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 4,400 ($58.60) target price on shares of SABMiller plc in a report on Wednesday, May 18th. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 4,400 ($58.60) target price on shares of SABMiller plc in a report on Thursday, May 19th. Societe Generale reissued a “hold” rating on shares of SABMiller plc in a report on Tuesday, June 28th. Credit Suisse Group AG reissued a “restricted” rating on shares of SABMiller plc in a report on Friday, July 8th. Finally, Beaufort Securities reissued a “buy” rating on shares of SABMiller plc in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. SABMiller plc currently has a consensus rating of “Hold” and a consensus target price of GBX 4,107.37 ($54.71).
Shares of SABMiller plc (LON:SAB) traded up 0.08% during mid-day trading on Thursday, hitting GBX 4436.00. 7,402,873 shares of the company were exchanged. The firm’s market capitalization is GBX 71.42 billion. SABMiller plc has a 12-month low of GBX 3,467.50 and a 12-month high of GBX 4,590.80. The company’s 50-day moving average price is GBX 4,387.26 and its 200-day moving average price is GBX 4,303.86.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/15/sabmiller-plc-sab-given-neutral-rating-at-bnp-paribas.html
About SABMiller plc
SABMiller plc (SABMiller) is a holding company, which has brewing and beverage operations across five regions. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It operates in six segments: Latin America, Africa, Asia Pacific, Europe, North America and Corporate.
Receive News & Ratings for SABMiller plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SABMiller plc and related companies with MarketBeat.com’s FREE daily email newsletter.