J P Morgan Chase & Co Reaffirms “Overweight” Rating for Diageo (DGE)
J P Morgan Chase & Co reaffirmed their overweight rating on shares of Diageo (LON:DGE) in a research report released on Thursday. The firm currently has a GBX 2,900 ($38.84) target price on the stock.
A number of other research analysts also recently commented on the stock. Sanford C. Bernstein set a GBX 3,000 ($40.18) price objective on shares of Diageo and gave the company a buy rating in a research report on Monday, October 16th. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 2,600 ($34.82) target price on shares of Diageo in a report on Thursday, August 10th. Jefferies Group cut their price objective on shares of Diageo from GBX 3,000 ($40.18) to GBX 2,900 ($38.84) and set a buy rating for the company in a report on Thursday, September 28th. Whitman Howard boosted their price objective on shares of Diageo from GBX 2,250 ($30.13) to GBX 2,700 ($36.16) and gave the company a hold rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group reissued an outperform rating and issued a GBX 2,700 ($36.16) price objective on shares of Diageo in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 2,586.05 ($34.63).
Diageo (DGE) opened at GBX 2,570.98 ($34.43) on Thursday. Diageo has a 52-week low of GBX 1,946 ($26.06) and a 52-week high of GBX 2,654.50 ($35.55).
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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.
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