Diageo plc (DGE) Stock Rating Reaffirmed by Liberum Capital
Diageo plc (LON:DGE)‘s stock had its “hold” rating reiterated by equities researchers at Liberum Capital in a report issued on Monday. They presently have a GBX 2,182 ($27.26) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 9.79% from the company’s current price.
Several other brokerages have also recently issued reports on DGE. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,500 ($31.23) target price on shares of Diageo plc in a report on Friday, November 11th. Shore Capital restated a “buy” rating on shares of Diageo plc in a report on Thursday, July 28th. HSBC set a GBX 2,600 ($32.48) target price on shares of Diageo plc and gave the stock a “buy” rating in a report on Wednesday, October 26th. BNP Paribas restated an “outperform” rating and issued a GBX 2,250 ($28.11) target price on shares of Diageo plc in a report on Monday, July 18th. Finally, Jefferies Group raised their target price on shares of Diageo plc from GBX 2,500 ($31.23) to GBX 2,600 ($32.48) and gave the stock a “buy” rating in a report on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 2,197.25 ($27.45).
Diageo plc (LON:DGE) opened at 1984.00 on Monday. The stock has a 50 day moving average of GBX 2,160.26 and a 200 day moving average of GBX 2,057.31. Diageo plc has a 12-month low of GBX 1,724.50 and a 12-month high of GBX 2,286.50. The company’s market cap is GBX 49.81 billion.
In other Diageo plc news, insider Javier Ferran bought 13,000 shares of Diageo plc stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average cost of GBX 1,975 ($24.68) per share, for a total transaction of £256,750 ($320,777.11). Also, insider Franz B. Humer bought 369 shares of Diageo plc stock in a transaction dated Monday, October 10th. The stock was acquired at an average price of GBX 2,242 ($28.01) per share, for a total transaction of £8,272.98 ($10,336.06).
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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