Shore Capital Reiterates “Buy” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a report issued on Thursday.
A number of other equities analysts also recently commented on DGE. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,700 ($35.81) target price on shares of Diageo plc in a research note on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,700 ($35.81) target price on shares of Diageo plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Diageo plc in a research note on Tuesday, August 15th. Jefferies Group LLC reduced their target price on shares of Diageo plc from GBX 3,000 ($39.79) to GBX 2,900 ($38.47) and set a “buy” rating on the stock in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,600 ($34.49) target price on shares of Diageo plc in a research note on Thursday, August 10th. 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 2,555.82 ($33.90).
Diageo plc (DGE) opened at 2535.00 on Thursday. The company’s market capitalization is GBX 63.72 billion. The company’s 50-day moving average is GBX 2,525.30 and its 200 day moving average is GBX 2,375.42. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,616.00.
In other Diageo plc news, insider Alan Stewart purchased 4,076 shares of Diageo plc stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of GBX 2,465 ($32.70) per share, for a total transaction of £100,473.40 ($133,271.52). Also, insider Javier Ferran purchased 65,000 shares of Diageo plc stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($33.20) per share, with a total value of £1,626,950 ($2,158,044.83). In the last quarter, insiders purchased 69,099 shares of company stock valued at $172,798,894.
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.
Receive News & Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related companies with Analyst Ratings Network's FREE daily email newsletter.