Diageo plc (DGE) Stock Rating Reaffirmed by Credit Suisse Group AG
Diageo plc (LON:DGE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a GBX 2,370 ($29.40) target price on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 17.52% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on DGE. Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research note on Friday, July 29th. Bryan, Garnier & Co reiterated a “neutral” rating on shares of Diageo plc in a research note on Wednesday, November 23rd. BNP Paribas reiterated an “outperform” rating and set a GBX 2,300 ($28.53) price objective on shares of Diageo plc in a research note on Thursday, September 15th. Kepler Capital Markets upped their price objective on Diageo plc from GBX 1,980 ($24.56) to GBX 2,150 ($26.67) and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 2,150 ($26.67) price objective on shares of Diageo plc in a research note on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,197.67 ($27.26).
Shares of Diageo plc (LON:DGE) opened at 1998.72 on Friday. Diageo plc has a 1-year low of GBX 1,724.50 and a 1-year high of GBX 2,286.50. The firm’s market cap is GBX 50.18 billion. The firm’s 50-day moving average is GBX 2,103.92 and its 200-day moving average is GBX 2,066.76.
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In related news, insider Franz B. Humer acquired 369 shares of the stock in a transaction dated Monday, October 10th. The stock was bought at an average cost of GBX 2,242 ($27.81) per share, for a total transaction of £8,272.98 ($10,262.97). Also, insider Javier Ferran acquired 13,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were bought at an average price of GBX 1,975 ($24.50) per share, with a total value of £256,750 ($318,508.87).
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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