Diageo (DGE) Stock Rating Reaffirmed by J P Morgan Chase & Co
Diageo (LON:DGE)‘s stock had its “overweight” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday. They currently have a GBX 2,900 ($39.03) price target on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 9.78% from the stock’s current price.
Several other analysts have also weighed in on DGE. Credit Suisse Group reissued an “outperform” rating and set a GBX 2,840 ($38.22) price objective on shares of Diageo in a report on Wednesday, December 6th. Goldman Sachs Group set a GBX 2,460 ($33.11) price objective on Diageo and gave the stock a “neutral” rating in a report on Monday. Jefferies Group decreased their price objective on Diageo from GBX 3,000 ($40.38) to GBX 2,900 ($39.03) and set a “buy” rating on the stock in a report on Thursday, September 28th. Shore Capital reissued a “buy” rating on shares of Diageo in a report on Wednesday, September 20th. Finally, Bryan, Garnier & Co lifted their price objective on Diageo from GBX 2,210 ($29.74) to GBX 2,320 ($31.22) and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,587.86 ($34.83).
Diageo (LON DGE) opened at GBX 2,640 ($35.53) on Tuesday. Diageo has a 12-month low of GBX 2,023 ($27.23) and a 12-month high of GBX 2,677.50 ($36.04).
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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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