Diageo plc (DGE) Given a GBX 2,800 Price Target by J P Morgan Chase & Co Analysts
Diageo plc (LON:DGE) received a GBX 2,800 ($36.81) target price from analysts at J P Morgan Chase & Co in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 9.74% from the stock’s previous close.
A number of other brokerages have also weighed in on DGE. Jefferies Group LLC set a GBX 3,000 ($39.44) target price on shares of Diageo plc and gave the stock a “buy” rating in a research report on Friday, September 1st. Credit Suisse Group raised their price objective on shares of Diageo plc from GBX 2,700 ($35.50) to GBX 2,840 ($37.34) and gave the company an “outperform” rating in a research report on Tuesday, September 12th. Berenberg Bank lowered shares of Diageo plc to a “hold” rating and set a GBX 2,550 ($33.53) price objective for the company. in a research report on Wednesday, September 13th. Bryan, Garnier & Co raised their price objective on shares of Diageo plc from GBX 2,210 ($29.06) to GBX 2,320 ($30.50) and gave the company a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Liberum Capital restated a “sell” rating and issued a GBX 2,000 ($26.30) price objective on shares of Diageo plc in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,557.41 ($33.62).
Shares of Diageo plc (DGE) opened at 2551.50 on Thursday. The firm’s market cap is GBX 64.13 billion. The firm has a 50-day moving average of GBX 2,523.19 and a 200 day moving average of GBX 2,383.82. Diageo plc has a 52 week low of GBX 1,946.00 and a 52 week high of GBX 2,616.00.
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In other news, insider Alan Stewart bought 4,076 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of GBX 2,465 ($32.41) per share, with a total value of £100,473.40 ($132,097.55). Also, insider Javier Ferran bought 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of GBX 2,503 ($32.91) per share, for a total transaction of £1,626,950 ($2,139,034.97). Over the last ninety days, insiders purchased 69,100 shares of company stock worth $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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