Diageo (LON:DGE) has been given a GBX 3,150 ($41.16) price target by stock analysts at Goldman Sachs Group in a report released on Monday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 15.49% from the company’s current price.

A number of other brokerages have also recently commented on DGE. Royal Bank of Canada set a GBX 2,300 ($30.05) price target on shares of Diageo and gave the company a “neutral” rating in a research note on Friday, August 10th. Citigroup reiterated a “buy” rating on shares of Diageo in a research note on Wednesday, September 19th. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a research note on Thursday, August 23rd. Cfra set a GBX 3,250 ($42.47) price target on shares of Diageo and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Liberum Capital reiterated a “sell” rating on shares of Diageo in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,857.37 ($37.34).

Shares of DGE stock opened at GBX 2,727.50 ($35.64) on Monday. Diageo has a one year low of GBX 2,186.50 ($28.57) and a one year high of GBX 2,735.50 ($35.74).

In other news, insider Kathryn Mikells sold 20,670 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of GBX 2,735 ($35.74), for a total value of £565,324.50 ($738,696.59). Also, insider Javier Ferrán acquired 30,000 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was bought at an average cost of GBX 2,525 ($32.99) per share, for a total transaction of £757,500 ($989,807.92). Insiders bought 30,315 shares of company stock worth $76,624,095 over the last three months.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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