SABMiller PLC (LON:SAB) Stock Rating Reaffirmed by JP Morgan Cazenove; The GBX 4050.00 Target Indicates 17.73% Potential

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JP Morgan Analyst Rating Change SABMiller PLC LON:SAB

SABMiller PLC (LON:SAB) Rating Reiterated

Research analysts at JP Morgan Cazenove have GBX 4050.00 target on SABMiller PLC (LON:SAB). JP Morgan Cazenove’s target gives a potential upside of 17.73% from the company’s previous stock close. The rating was revealed to investors in a research report on Friday morning.

LON:SAB is right now trading -0.53% lower at GBX 3402.00 as of 08:20 London time. SABMiller PLC’s stock is up 8.89% in the last 200 days. It has outperformed the S&P 500, which has risen 6.99% in the same time period.

Out of 28 brokers covering SABMiller PLC, 15 rate it a Buy, 12 indicate a Hold while 4 suggest a Sell. The highest target is GBX 6714 and the lowest is GBX 4528 according to Thomson/First Call. The 12-month mean target is GBX 5785, which means upside potential of 69.15% over the current price.

LON:SAB Price Chart & Trend

The stock price of SABMiller PLC has increased 8.89% over the last 200 days, and is in unstable up trend. In the last 50 and 100 days, SABMiller PLC is down 4.99% and down 9.22%, respectively. Our stocks momentum model is shown on the price chart below.SABMiller PLC (LON:SAB) Stock Rating Reaffirmed by JP Morgan Cazenove; The GBX 4050.00 Target Indicates 17.73% Potential

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

SABMiller PLC (LON:SAB) Profile

SABMiller plc, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. The Company’s portfolio of brands includes international beers, such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as local brands, such as Aguila, Castle, Miller Lite, Snow, Tyskie and Victoria Bitter. It is a bottler for the Coca-Cola Company in Africa and Central America.

SABMiller PLC (LON:SAB) traded down -0.53% on 24 July, hitting GBX 3402. A total of 69,392 shares of the company’s stock traded hands. This is down from average of 1.96 million shares. SABMiller PLC has a 52 week low of GBX 3105.00 and a 52 week high of GBX 3857.00. The company has a market cap of 55.38 billion GBP and a P/E ratio of 25.93.

Get the latest SABMiller PLC (LON:SAB) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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