The investment bank, UBS, has raised its price target on shares of the international brewing group, SABMiller Plc, from £5.25 to £5.45.
The bank based its decision on an improvement in the company’s European growth outlook and currency movements which were positive for the brewer. UBS has retained its “buy” rating on SABMiller shares.
The move follows a decision yesterday by investment bank, CSFB, to raise its price target on SABMiller from £4.20 to £4.50 following the brewer’s upbeat trading statement on Monday.
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Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
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De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.
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