Diageo Price Target Cut to GBX 2,300 by Analysts at Nomura (DGE)
Investment analysts at Nomura cut their target price on shares of Diageo (LON:DGE) from GBX 2,350 ($37.70) to GBX 2,300 ($36.90) in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Nomura’s target price indicates a potential upside of 19.73% from the company’s current price.
Diageo (LON:DGE) traded up 1.13% during mid-day trading on Thursday, hitting GBX 1920.9999. 3,774,325 shares of the company’s stock traded hands. Diageo has a 52 week low of GBX 1741.00 and a 52 week high of GBX 2152.50. The stock’s 50-day moving average is GBX 2028. and its 200-day moving average is GBX 1995.. The company’s market cap is £48.086 billion.
A number of other analysts have also recently weighed in on DGE. Analysts at JPMorgan Chase & Co. cut their price target on shares of Diageo from GBX 2,200 ($35.30) to GBX 2,050 ($32.89) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Diageo in a research note to investors on Tuesday. They now have a GBX 2,150 ($34.49) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Diageo in a research note to investors on Monday. They now have a GBX 2,320 ($37.22) price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,103.48 ($33.75).
Diageo plc (LON:DGE) is engaged in drinks business.
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