Diageo plc’s (DGE) Buy Rating Reiterated at Jefferies Group
Diageo plc (LON:DGE)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a report released on Sunday. They currently have a GBX 2,300 ($28.74) target price on the stock. Jefferies Group’s price target would indicate a potential upside of 14.14% from the stock’s previous close.
Several other brokerages have also recently weighed in on DGE. Liberum Capital assumed coverage on shares of Diageo plc in a research report on Monday, October 3rd. They issued a “hold” rating and a GBX 2,182 ($27.26) price target on the stock. HSBC set a GBX 2,600 ($32.48) 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. boosted 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 research report on Wednesday, October 26th. BNP Paribas boosted their price objective on shares of Diageo plc from GBX 2,300 ($28.74) to GBX 2,540 ($31.73) and gave the company an “outperform” rating in a research report on Monday, October 17th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 2,197.67 ($27.46).
Diageo plc (LON:DGE) opened at 2015.00 on Friday. Diageo plc has a 52 week low of GBX 1,724.50 and a 52 week high of GBX 2,286.50. The company’s market capitalization is GBX 50.58 billion. The company has a 50 day moving average of GBX 2,113.04 and a 200 day moving average of GBX 2,063.49.
In other Diageo plc news, insider Javier Ferran purchased 13,000 shares of Diageo plc stock in a transaction on Tuesday, November 15th. The stock was bought at an average cost of GBX 1,975 ($24.68) per share, with a total value of £256,750 ($320,777.11). Also, insider Franz B. Humer purchased 369 shares of Diageo plc stock in a transaction on Monday, October 10th. The shares were 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.
Receive News & Stock Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related stocks with our FREE daily email newsletter.