Diageo plc (DGE) Stock Rating Reaffirmed by J P Morgan Chase & Co
Diageo plc (LON:DGE)‘s stock had its “overweight” rating restated by equities researchers at J P Morgan Chase & Co in a research report issued on Monday. They currently have a GBX 2,800 ($36.16) target price on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 8.51% from the company’s current price.
Several other brokerages have also recently issued reports on DGE. Jefferies Group LLC set a GBX 3,000 ($38.74) price target on shares of Diageo plc and gave the company a “buy” rating in a research report on Friday, September 1st. Bryan, Garnier & Co upped their price target on shares of Diageo plc from GBX 2,210 ($28.54) to GBX 2,320 ($29.96) and gave the company a “neutral” rating in a research report on Wednesday, August 23rd. Liberum Capital restated a “sell” rating and issued a GBX 2,000 ($25.83) price target on shares of Diageo plc in a research report on Friday, August 25th. UBS AG set a GBX 2,880 ($37.19) price target on shares of Diageo plc and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 2,700 ($34.87) price target on shares of Diageo plc in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,561.05 ($33.08).
Shares of Diageo plc (DGE) opened at 2548.00 on Monday. The firm’s 50-day moving average is GBX 2,520.38 and its 200-day moving average is GBX 2,352.21. The firm’s market cap is GBX 64.04 billion. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,616.00.
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In other Diageo plc news, insider Javier Ferran acquired 65,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($32.33) per share, with a total value of £1,626,950 ($2,101,188.17). Also, insider Alan Stewart acquired 4,076 shares of the company’s stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of GBX 2,465 ($31.84) per share, for a total transaction of £100,473.40 ($129,760.30). Insiders acquired 69,099 shares of company stock worth $172,798,894 over the last ninety days.
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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