Diageo’s (DGE) Buy Rating Reiterated at Credit Suisse Group

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by investment analysts at Credit Suisse Group in a note issued to investors on Thursday, PriceTargets.com reports. They presently have a GBX 3,700 ($48.34) target price on the stock. Credit Suisse Group’s price objective suggests a potential upside of 10.33% from the company’s current price.

DGE has been the topic of several other research reports. UBS Group set a GBX 3,300 ($43.11) price target on Diageo and gave the company a “buy” rating in a research note on Thursday, March 25th. Berenberg Bank reissued a “neutral” rating and issued a GBX 3,080 ($40.24) target price on shares of Diageo in a research report on Friday, January 15th. Barclays set a GBX 3,570 ($46.64) price target on Diageo and gave the stock a “buy” rating in a research report on Thursday, January 28th. Jefferies Financial Group set a GBX 3,600 ($47.03) price objective on shares of Diageo and gave the company a “buy” rating in a report on Wednesday. Finally, Kepler Capital Markets restated a “neutral” rating and set a GBX 3,000 ($39.20) target price on shares of Diageo in a report on Tuesday, March 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Diageo has a consensus rating of “Buy” and a consensus target price of GBX 3,405.31 ($44.49).

Shares of LON:DGE opened at GBX 3,353.50 ($43.81) on Thursday. The firm has a market cap of £78.47 billion and a price-to-earnings ratio of 69.86. Diageo has a 12 month low of GBX 31.26 ($0.41) and a 12 month high of GBX 3,377.50 ($44.13). The company’s fifty day simple moving average is GBX 3,175.68 and its 200 day simple moving average is GBX 2,984.58. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 187.24.

In other news, insider Javier Ferrán bought 262 shares of the business’s stock in a transaction that occurred on Monday, April 12th. The stock was acquired at an average cost of GBX 3,158 ($41.26) per share, for a total transaction of £8,273.96 ($10,809.98). Over the last ninety days, insiders bought 270 shares of company stock worth $852,288.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Analyst Recommendations for Diageo (LON:DGE)

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