JPMorgan Chase & Co. Reiterates “Overweight” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a GBX 2,500 ($30.97) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 25.47% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 2,300 ($28.49) price target on shares of Diageo plc in a report on Friday, September 9th. Societe Generale raised shares of Diageo plc to a “hold” rating and raised their target price for the stock from GBX 1,990 ($24.65) to GBX 2,123 ($26.30) in a report on Friday, July 22nd. HSBC raised their target price on shares of Diageo plc from GBX 2,100 ($26.01) to GBX 2,350 ($29.11) and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Barclays PLC reissued an “equal weight” rating and set a GBX 2,150 ($26.63) target price on shares of Diageo plc in a report on Wednesday, September 14th. Finally, Beaufort Securities reissued a “buy” rating on shares of Diageo plc in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,197.25 ($27.22).
Diageo plc (LON:DGE) opened at 1994.00 on Friday. The company’s market cap is GBX 50.06 billion. The firm’s 50 day moving average is GBX 2,178.57 and its 200 day moving average is GBX 2,054.66. Diageo plc has a 12-month low of GBX 1,724.50 and a 12-month high of GBX 2,286.50.
In other news, insider Franz B. Humer bought 369 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were bought at an average cost of GBX 2,242 ($27.77) per share, for a total transaction of £8,272.98 ($10,247.71). Also, insider Javier Ferran bought 18,500 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was purchased at an average price of GBX 2,221 ($27.51) per share, for a total transaction of £410,885 ($508,961.97).
About Diageo plc
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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