Diageo (LON:DGE) was downgraded by stock analysts at Royal Bank of Canada to a “sector performer” rating in a research report issued to clients and investors on Monday. They presently have a GBX 2,400 ($33.70) price objective on the stock, down from their previous price objective of GBX 2,600 ($36.51). Royal Bank of Canada’s target price indicates a potential downside of 5.03% from the company’s previous close.

Other equities research analysts have also issued reports about the company. UBS Group set a GBX 2,880 ($40.44) target price on Diageo and gave the stock a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,900 ($40.72) target price on shares of Diageo in a research report on Tuesday, December 12th. Goldman Sachs Group set a GBX 2,490 ($34.97) target price on Diageo and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a GBX 3,000 ($42.13) price target on Diageo and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 2,900 ($40.72) price target on shares of Diageo in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,637.32 ($37.04).

Shares of Diageo (DGE) opened at GBX 2,527 ($35.49) on Monday. Diageo has a 52-week low of GBX 2,170 ($30.47) and a 52-week high of GBX 2,735.50 ($38.41). The firm has a market capitalization of $62,690.00 and a price-to-earnings ratio of 1,989.76.

Diageo (LON:DGE) last issued its earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.95) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). Diageo had a return on equity of 23.14% and a net margin of 21.12%. The firm had revenue of GBX 653 billion for the quarter.

In other news, insider Javier Ferrán bought 30,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were purchased at an average cost of GBX 2,541 ($35.68) per share, with a total value of £762,300 ($1,070,495.72). Over the last ninety days, insiders have purchased 30,025 shares of company stock worth $76,295,632.

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Diageo 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.

Analyst Recommendations for Diageo (LON:DGE)

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