Diageo plc (LON:DGE) Rating Reiterated by Whitman Howard
Diageo plc (LON:DGE)‘s stock had its “hold” rating restated by stock analysts at Whitman Howard in a research note issued to investors on Thursday. They presently have a GBX 2,250 ($29.38) price objective on the stock. Whitman Howard’s price objective suggests a potential downside of 1.55% from the stock’s previous close.
Several other brokerages have also issued reports on DGE. BNP Paribas restated an “outperform” rating and issued a GBX 2,435 ($31.80) target price on shares of Diageo plc in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and issued a GBX 2,500 ($32.65) target price on shares of Diageo plc in a research note on Wednesday, May 10th. Sanford C. Bernstein set a GBX 2,780 ($36.30) target price on Diageo plc and gave the company a “neutral” rating in a research note on Wednesday, May 31st. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,600 ($33.95) target price on shares of Diageo plc in a research note on Thursday, June 8th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 2,500 ($32.65) target price on shares of Diageo plc in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,436.27 ($31.81).
Diageo plc (DGE) opened at 2285.50 on Thursday. The firm’s market capitalization is GBX 57.39 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,413.50. The firm has a 50-day moving average price of GBX 2,310.73 and a 200-day moving average price of GBX 2,269.25.
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In other news, insider Kathryn Mikells sold 20,664 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.92), for a total transaction of £473,412.24 ($618,193.05). Also, insider Philip G. Scott sold 8,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of GBX 2,283 ($29.81), for a total value of £182,640 ($238,495.69). Insiders purchased 24 shares of company stock valued at $54,967 in the last three months.
About Diageo plc
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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