UK: SABMiller "overweight" rating maintained, estimates rise
In a research note published on January 18, analysts at JP Morgan maintain their "overweight" rating on SABMiller plc, while raising their estimates for the company. The target price has been raised from 1240p to 1270p.
The analysts also mention that the company has reported its 3Q volumes significant ahead of expectations. SABMiller’s share price does not fully reflect the company’s robust and geographically balanced growth, the analysts say. The EPS estimate for FY08 has been raised from 140.3£ to 141.2£.
Tilbage
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
