Today Bernstein Reaffirms a “Market Perform” Rating on SABMiller (LON:SAB) and a GBX 4300 Target Price

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SABMiller (LON:SAB) Rating Reaffirmed

Bernstein now has a GBX 4300 TP on the 64.24B GBP market cap company or 6.66% upside potential. In an analyst note shared with investors and clients on Friday morning, SABMiller (LON:SAB) shares have had their “Market Perform” Rating kept steady by investment analysts at Bernstein.

From a total of 20 analysts covering SABMiller PLC (LON:SAB) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 11 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is GBX 67 while the lowest target price is GBX 50.82. The mean of all analyst targets is GBX 63.44 with a 1.64% above today’s (GBX 4028) stock price. SABMiller PLC was the topic of 93 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Natixis downgraded shares on December 1 to “Neutral” rating. Nomura downgraded shares to “Neutral” rating and GBX 4400 target share price in a report from a November 17. Bernstein maintained SAB stock in a recent report from November 27 with “Market Perform” rating. BNP Paribas maintained the rating on November 17. BNP Paribas has a “Outperform” rating and a GBX 4480 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 20.

Approximately 1.07 million shares of stock traded hands. SABMiller plc (LON:SAB) has risen 14.46% since May 7, 2015 and is uptrending. It has outperformed by 17.24% the S&P500.

Today Bernstein Reaffirms a

SABMiller plc is a holding company, which has brewing and beverage activities across five regions. The company has a market cap of 64.24 billion GBP. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It has 33.36 P/E ratio. It operates in six divisions: Latin America, Africa, Asia Pacific, Europe, North America and Corporate.

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