Diageo plc (DGE) Given a GBX 2,185 Price Target by Goldman Sachs Group Inc. Analysts
Diageo plc (LON:DGE) has been assigned a GBX 2,185 ($27.30) price objective by stock analysts at Goldman Sachs Group Inc. in a note issued to investors on Friday. The firm currently has a a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 7.79% from the company’s previous close.
A number of other analysts have also commented on the company. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 2,150 ($26.86) target price on shares of Diageo plc in a research report on Tuesday. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,182 ($27.26) target price on shares of Diageo plc in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,500 ($31.23) target price on shares of Diageo plc in a research report on Friday, November 11th. HSBC set a GBX 2,600 ($32.48) target price on Diageo plc and gave the company a “buy” rating in a research report on Wednesday, October 26th. Finally, Jefferies Group boosted their target price on Diageo plc from GBX 2,500 ($31.23) to GBX 2,600 ($32.48) and gave the company a “buy” rating in a research 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 stock. The stock has an average rating of “Hold” and an average price target of GBX 2,195.17 ($27.43).
Shares of Diageo plc (LON:DGE) opened at 2027.00 on Friday. The firm’s market capitalization is GBX 50.89 billion. The stock has a 50 day moving average price of GBX 2,149.54 and a 200-day moving average price of GBX 2,058.19. Diageo plc has a 52-week low of GBX 1,724.50 and a 52-week high of GBX 2,286.50.
In related news, insider Franz B. Humer bought 369 shares of the company’s stock in a transaction on Monday, October 10th. The shares were purchased at an average price of GBX 2,242 ($28.01) per share, for a total transaction of £8,272.98 ($10,336.06). Also, insider Javier Ferran bought 13,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were bought at an average price of GBX 1,975 ($24.68) per share, for a total transaction of £256,750 ($320,777.11).
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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