Diageo plc (DGE) Receives GBX 2,197.25 Average PT from Brokerages
Diageo plc (LON:DGE) has received an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,197.25 ($27.22).
A number of equities analysts have recently issued reports on the stock. Liberum Capital assumed coverage on shares of Diageo plc in a research report on Monday, October 3rd. They set a “hold” rating and a GBX 2,182 ($27.03) target price on the stock. HSBC set a GBX 2,600 ($32.21) price objective on shares of Diageo plc and gave the company a “buy” rating in a research report on Wednesday, October 26th. JPMorgan Chase & Co. lifted their price objective on shares of Diageo plc from GBX 2,400 ($29.73) to GBX 2,500 ($30.97) and gave the company an “overweight” rating in a research report on Wednesday, October 26th. Kepler Capital Markets lifted their price objective on shares of Diageo plc from GBX 1,980 ($24.53) to GBX 2,150 ($26.63) and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 2,370 ($29.36) price objective on shares of Diageo plc in a research report on Friday, July 29th.
In other news, insider Franz B. Humer bought 369 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was acquired at an average price 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 dated Thursday, September 29th. The shares were purchased at an average price of GBX 2,221 ($27.51) per share, with a total value of £410,885 ($508,961.97).
Shares of Diageo plc (LON:DGE) opened at 1982.50 on Wednesday. Diageo plc has a 12-month low of GBX 1,724.50 and a 12-month high of GBX 2,286.50. The stock’s market cap is GBX 49.77 billion. The stock’s 50 day moving average is GBX 2,173.14 and its 200-day moving average is GBX 2,053.49.
Diageo plc Company Profile
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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