Diageo plc (DGE) Price Target Cut to GBX 2,140
Diageo plc (LON:DGE) had its price target decreased by Berenberg Bank from GBX 2,400 ($29.77) to GBX 2,140 ($26.55) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 6.11% from the stock’s current price.
Several other research firms have also commented on DGE. Liberum Capital started coverage on Diageo plc in a research report on Monday, October 3rd. They issued a “hold” rating and a GBX 2,182 ($27.07) price target for the company. Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research report on Thursday, September 22nd. Deutsche Bank AG lifted their price target on Diageo plc from GBX 1,900 ($23.57) to GBX 2,000 ($24.81) and gave the stock a “hold” rating in a research report on Friday, July 29th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 2,150 ($26.67) price target on shares of Diageo plc in a research report on Wednesday, September 14th. Finally, Kepler Capital Markets reiterated a “hold” rating and issued a GBX 2,150 ($26.67) price target on shares of Diageo plc in a research report on Tuesday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,197.67 ($27.26).
Diageo plc (LON:DGE) opened at 1998.72 on Friday. The company’s market cap is GBX 50.18 billion. 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 50-day moving average price is GBX 2,103.92 and its 200-day moving average price is GBX 2,066.76.
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In other news, insider Javier Ferran bought 18,500 shares of the stock in a transaction dated Thursday, September 29th. The shares were acquired at an average cost of GBX 2,221 ($27.55) per share, with a total value of £410,885 ($509,719.64). Also, insider Franz B. Humer bought 369 shares of the stock in a transaction dated Monday, October 10th. The shares were purchased at an average cost of GBX 2,242 ($27.81) per share, for a total transaction of £8,272.98 ($10,262.97).
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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