Diageo Stock Rating Reaffirmed by Nomura (DGE)
Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Thursday, American Banking News reports. They currently have a GBX 2,350 ($36.74) price target on the stock. Nomura’s target price would indicate a potential upside of 18.18% from the company’s current price.
DGE has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Diageo (LON:DGE) in a research note to investors on Monday. Separately, analysts at Santander reiterated a “hold” rating on shares of Diageo (LON:DGE) in a research note to investors on Friday, September 6th. They now have a GBX 2,050 ($32.05) price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Diageo (LON:DGE) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a GBX 2,320 ($36.27) price target on the stock, up previously from GBX 1,830 ($28.61).
One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the stock. Diageo currently has an average rating of “Buy” and a consensus target price of GBX 2,069.18 ($32.35).
Diageo (LON:DGE) traded up 0.08% during mid-day trading on Thursday, hitting GBX 1990.00. 1,973,446 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 2025. and a 200-day moving average of GBX 1993.. The company’s market cap is £49.813 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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