Diageo plc (DGE) Given New GBX 2,900 Price Target at J P Morgan Chase & Co
Diageo plc (LON:DGE) had its price objective increased by equities research analysts at J P Morgan Chase & Co from GBX 2,800 ($36.83) to GBX 2,900 ($38.14) in a report released on Tuesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 12.84% from the company’s current price.
DGE has been the topic of several other reports. UBS AG set a GBX 2,880 ($37.88) price objective on Diageo plc and gave the company a “buy” rating in a research note on Wednesday, August 30th. Credit Suisse Group lifted their price objective on Diageo plc from GBX 2,700 ($35.51) to GBX 2,840 ($37.35) and gave the company an “outperform” rating in a research note on Tuesday, September 12th. Liberum Capital reiterated a “sell” rating and set a GBX 2,000 ($26.31) target price on shares of Diageo plc in a report on Wednesday, November 1st. Shore Capital reiterated a “buy” rating on shares of Diageo plc in a report on Thursday, October 5th. Finally, Whitman Howard raised their target price on Diageo plc from GBX 2,250 ($29.59) to GBX 2,700 ($35.51) and gave the company a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,586.05 ($34.01).
Diageo plc (LON:DGE) opened at GBX 2,570 ($33.80) on Tuesday. Diageo plc has a 52 week low of GBX 1,946 ($25.60) and a 52 week high of GBX 2,616.50 ($34.41).
In other news, insider Javier Ferran bought 65,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of GBX 2,503 ($32.92) per share, for a total transaction of £1,626,950 ($2,139,879.00). In the last quarter, insiders bought 65,024 shares of company stock valued at $162,756,314.
Diageo plc Company Profile
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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