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SABMiller plc (ADR) (SBMRY) [hlAlert]

Rating:
Neutral SBMRY

SABMiller plc (ADR) (SBMRY) rated Neutral by Citigroup

Posted on: Monday,  Oct 14, 2013  8:25 AM ET by Citigroup

SABMiller plc (ADR)
(OTCBB: SBMRY) rated Neutral by Citigroup.

SABMiller plc is a holding company, which has brewing and beverage interests across six continents. The principal activities of the Company and its subsidiaries are the manufacture, distribution and sale of beverages. Its brands include international beers, such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch along with local brands, such as Aguila, Castle, Miller Lite, Snow and Tyskie. The Company is one of the bottlers of Coca-Cola products. The Company?s markets range from developed economies, such as United States to markets, such as China and India. In March 2009, the Company acquired the remaining 50% interest in SABMiller Vietnam JV Company Limited, from its joint venture partner, Vietnam Dairy Products Joint Stock Company. As a result, SABMiller Asia BV is the sole shareholder in SABMiller Vietnam JV Company Limited. In February 2010, the Company acquired Rwenzori Beverages Ltd.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2013 8:25 AM Hold
None
47.80
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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