Diageo plc’s (DGE) “Overweight” Rating Reiterated at J P Morgan Chase & Co
Diageo plc (LON:DGE)‘s stock had its “overweight” rating reiterated by equities research analysts at J P Morgan Chase & Co in a report issued on Monday. They presently have a GBX 2,900 ($38.14) price objective on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 12.53% from the stock’s previous close.
DGE has been the topic of a number of 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 boosted 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 restated a “sell” rating and issued a GBX 2,000 ($26.31) price objective on shares of Diageo plc in a research note on Wednesday, November 1st. Whitman Howard boosted their price objective on Diageo plc from GBX 2,250 ($29.59) to GBX 2,700 ($35.51) and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Shore Capital restated a “buy” rating on shares of Diageo plc in a research note on Thursday, October 5th. 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. Diageo plc has a consensus rating of “Buy” and an average target price of GBX 2,586.05 ($34.01).
Shares of Diageo plc (LON DGE) opened at GBX 2,577 ($33.89) on Monday. 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).
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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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