Diageo plc (DGE) Earns Buy Rating from Berenberg Bank
Diageo plc (LON:DGE)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Friday. They currently have a GBX 2,550 ($33.64) price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 4.15% from the stock’s previous close.
DGE has been the topic of a number of other reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,500 ($32.98) price objective on shares of Diageo plc in a research note on Wednesday, April 26th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 2,500 ($32.98) price objective on shares of Diageo plc in a research note on Thursday, May 11th. Kepler Capital Markets reissued a “hold” rating and issued a GBX 2,400 ($31.66) price objective on shares of Diageo plc in a research note on Thursday, July 27th. Citigroup Inc. reissued a “buy” rating on shares of Diageo plc in a research note on Wednesday, May 10th. Finally, Shore Capital reissued a “buy” rating on shares of Diageo plc in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 2,494.45 ($32.90).
Diageo plc (LON DGE) opened at 2438.50 on Friday. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,463.50. The company’s market cap is GBX 61.28 billion. The company has a 50-day moving average price of GBX 2,311.63 and a 200 day moving average price of GBX 2,280.45.
In other Diageo plc news, insider Kathryn Mikells sold 20,664 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($30.22), for a total transaction of £473,412.24 ($624,472.02). Also, insider Alan Stewart acquired 4,076 shares of Diageo plc stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of GBX 2,465 ($32.52) per share, with a total value of £100,473.40 ($132,533.18). Over the last three months, insiders have acquired 4,100 shares of company stock valued at $10,102,307.
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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