SABMiller (LON:SAB) “Market Perform” Rating Has Been Reiterated Today By Bernstein; The Price Objective is GBX 4300

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SABMiller (LON:SAB) Rating Reaffirmed

Analysts at Bernstein now has a GBX 4300 Estimated Target Price on SABMiller (LON:SAB). Bernstein and their recent Estimated Target Price may suggest a potential upside of 6.94% from the company’s stock price. The rating has been disclosed to clients in analysts report on 27 November.

From a total of 21 analysts covering SABMiller PLC (LON:SAB) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is GBX 5000 while the lowest target price is GBX 2900. The mean of all analyst targets is GBX 4094 with a 1.66% above today’s (GBX 4027) stock price. SABMiller PLC was the topic of 91 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on November 27 with “Market Perform” rating. Nomura downgraded shares to “Neutral” rating and GBX 4400 target share price in a report from a November 17. UBS maintained SAB stock in a recent report from November 20 with “Neutral” rating. Natixis maintained the rating on November 13. Natixis has a “Buy” rating and a GBX 4400 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 17.

The stock increased 0.05% or GBX 2 on November 27, striking GBX 4027. Approximately 1.07 million shares of stock traded hands. SABMiller plc (LON:SAB) has risen 15.75% since May 1, 2015 and is uptrending. It has outperformed by 16.64% the S&P500.

SABMiller (LON:SAB)

SABMiller plc is a holding company, which has brewing and beverage activities across five regions. The company has a market cap of 65.33 billion GBP. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It has 33.26 P/E ratio. It operates in six divisions: Latin America, Africa, Asia Pacific, Europe, North America and Corporate.

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