Diageo (LON:DGE)‘s stock had its “sell” rating reaffirmed by investment analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 2,100 ($29.01) price objective on the stock. Liberum Capital’s price target would suggest a potential downside of 12.01% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. set a GBX 2,800 ($38.68) price objective on shares of Diageo and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Goldman Sachs Group lifted their target price on shares of Diageo from GBX 2,550 ($35.23) to GBX 2,667 ($36.85) and gave the company a “neutral” rating in a report on Wednesday, February 7th. Investec reaffirmed a “hold” rating and issued a GBX 2,550 ($35.23) target price on shares of Diageo in a report on Monday, January 29th. Royal Bank of Canada cut shares of Diageo to a “sector performer” rating and cut their target price for the company from GBX 2,600 ($35.92) to GBX 2,400 ($33.16) in a report on Monday, January 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,840 ($39.24) target price on shares of Diageo in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 2,640.82 ($36.49).

Shares of Diageo (LON:DGE) opened at GBX 2,386.50 ($32.97) on Monday. The firm has a market cap of $58,590.00 and a P/E ratio of 2,111.95. Diageo has a 12-month low of GBX 2,186.50 ($30.21) and a 12-month high of GBX 2,735.50 ($37.79).

Diageo (LON:DGE) last issued its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share for the quarter, topping the consensus estimate of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). The business had revenue of GBX 653 billion during the quarter. Diageo had a net margin of 27.06% and a return on equity of 33.47%.

In other news, insider Javier Ferrán acquired 30,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were bought at an average cost of GBX 2,541 ($35.11) per share, with a total value of £762,300 ($1,053,191.49). Insiders acquired a total of 30,025 shares of company stock worth $76,294,525 over the last three months.

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Diageo 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.

Analyst Recommendations for Diageo (LON:DGE)

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