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SABMiller downgraded by Beaufort

27 July 2016 14:16

Beaufort Securities has moderated its investment rating on drinks group SABMiller (LON:SAB) following the announcement by AB InBev that it has made a revised and final offer for the company.

The broker said: "It is our view that the offer is best accepted bearing in mind yesterday's additional offer and so on balance we reduce our recommendation from BUY to HOLD, despite the positive trading statement last week."

At 2:16pm: (LON:SAB) SABMiller PLC share price was -34.5p at 4375.5p

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