Diageo plc (DGE) Receives “Overweight” Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Diageo plc (LON:DGE) in a report released on Wednesday morning. J P Morgan Chase & Co currently has a GBX 2,800 ($36.95) target price on the stock.
Several other equities research analysts also recently weighed in on the stock. Jefferies Group LLC set a GBX 3,000 ($39.59) target price on shares of Diageo plc and gave the stock a buy rating in a research note on Friday, September 1st. Liberum Capital reaffirmed a sell rating and set a GBX 2,000 ($26.39) target price on shares of Diageo plc in a research note on Tuesday, July 11th. BNP Paribas reaffirmed an outperform rating and set a GBX 2,435 ($32.13) target price on shares of Diageo plc in a research note on Wednesday, July 19th. Sanford C. Bernstein set a GBX 2,920 ($38.53) target price on shares of Diageo plc and gave the stock a buy rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG set a GBX 2,175 ($28.70) target price on shares of Diageo plc and gave the stock a neutral rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 2,581.50 ($34.07).
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In other Diageo plc news, insider Javier Ferran purchased 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($33.03) per share, for a total transaction of £1,626,950 ($2,146,938.51). In the last quarter, insiders have purchased 65,024 shares of company stock valued at $162,756,314.
Diageo plc 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.
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