Diageo plc (DGE) Price Target Cut to GBX 2,300 by Analysts at Jefferies Group
Diageo plc (LON:DGE) had its price objective cut by Jefferies Group from GBX 2,600 ($32.48) to GBX 2,300 ($28.74) in a research note issued to investors on Monday. They currently have a buy rating on the stock.
A number of other brokerages have also issued reports on DGE. Liberum Capital assumed coverage on shares of Diageo plc in a report on Monday, October 3rd. They set a hold rating and a GBX 2,182 ($27.26) price objective for the company. HSBC set a GBX 2,600 ($32.48) price objective on shares of Diageo plc and gave the company a buy rating in a report on Wednesday, October 26th. JPMorgan Chase & Co. increased their price objective on shares of Diageo plc from GBX 2,400 ($29.99) to GBX 2,500 ($31.23) and gave the company an overweight rating in a report on Wednesday, October 26th. Kepler Capital Markets increased their price objective on shares of Diageo plc from GBX 1,980 ($24.74) to GBX 2,150 ($26.86) and gave the company a hold rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 2,370 ($29.61) price objective 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 given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 2,182.67 ($27.27).
In other Diageo plc news, insider Javier Ferran purchased 18,500 shares of Diageo plc stock in a transaction dated Thursday, September 29th. The stock was acquired at an average cost of GBX 2,221 ($27.75) per share, with a total value of £410,885 ($513,349.58). Also, insider Franz B. Humer purchased 369 shares of Diageo plc stock in a transaction dated Monday, October 10th. The stock was acquired at an average cost of GBX 2,242 ($28.01) per share, with a total value 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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