Diageo’s (DGE) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Diageo (LON:DGE) in a report issued on Monday. J P Morgan Chase & Co currently has a GBX 2,900 ($39.03) price target on the stock.
DGE has been the topic of a number of other reports. Goldman Sachs Group set a GBX 2,460 ($33.11) price target on Diageo and gave the company a neutral rating in a research note on Monday, December 11th. Sanford C. Bernstein set a GBX 3,000 ($40.38) price target on Diageo and gave the company a buy rating in a research note on Monday, October 16th. Jefferies Group cut their price target on Diageo from GBX 3,000 ($40.38) to GBX 2,900 ($39.03) and set a buy rating on the stock in a research note on Thursday, September 28th. Whitman Howard lifted their target price on Diageo from GBX 2,250 ($30.28) to GBX 2,700 ($36.34) and gave the stock a hold rating in a research report on Wednesday, November 1st. Finally, Liberum Capital reiterated a sell rating and set a GBX 2,000 ($26.92) target price on shares of Diageo in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. Diageo currently has a consensus rating of Buy and an average price target of GBX 2,587.86 ($34.83).
Shares of Diageo (DGE) opened at GBX 2,670 ($35.94) on Monday. Diageo has a 52 week low of GBX 2,047.50 ($27.56) and a 52 week high of GBX 2,677.50 ($36.04).
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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