Diageo plc (DGE) Given a GBX 2,420 Price Target by Goldman Sachs Group, Inc. (The) Analysts
Diageo plc (LON:DGE) received a GBX 2,420 ($31.82) price objective from stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 5.41% from the stock’s previous close.
Several other equities research analysts have also weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Diageo plc in a report on Thursday, October 5th. Jefferies Group LLC cut their target price on shares of Diageo plc from GBX 3,000 ($39.44) to GBX 2,900 ($38.13) and set a “buy” rating on the stock in a report on Thursday, September 28th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,800 ($36.81) target price on shares of Diageo plc in a report on Wednesday, September 20th. Liberum Capital reiterated a “sell” rating and issued a GBX 2,000 ($26.30) target price on shares of Diageo plc in a report on Wednesday, September 20th. Finally, Berenberg Bank lowered shares of Diageo plc to a “hold” rating and set a GBX 2,550 ($33.53) target price on the stock. in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. Diageo plc has an average rating of “Buy” and a consensus target price of GBX 2,557.41 ($33.62).
Diageo plc (LON:DGE) opened at 2558.50 on Tuesday. The company has a 50 day moving average price of GBX 2,524.22 and a 200 day moving average price of GBX 2,381.33. The stock’s market capitalization is GBX 64.31 billion. Diageo plc has a 12 month low of GBX 1,946.00 and a 12 month high of GBX 2,616.00.
In other news, insider Javier Ferran acquired 65,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of GBX 2,503 ($32.91) per share, with a total value of £1,626,950 ($2,139,034.97). Also, insider Alan Stewart acquired 4,076 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of GBX 2,465 ($32.41) per share, with a total value of £100,473.40 ($132,097.55). In the last three months, insiders bought 69,100 shares of company stock valued at $172,803,654.
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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