Diageo PT Lowered to GBX 2,050 (DGE)
Investment analysts at JPMorgan Chase & Co. decreased their target price on shares of Diageo (LON:DGE) from GBX 2,200 ($35.30) to GBX 2,050 ($32.89) in a note issued to investors on Thursday, Analyst RN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.72% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of Diageo in a research note to investors on Friday, October 4th. They now have a GBX 2,180 ($34.98) price target on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,103.48 ($33.75).
Diageo (LON:DGE) traded up 1.13% during mid-day trading on Thursday, hitting GBX 1920.9999. The stock had a trading volume of 3,774,325 shares. Diageo has a 1-year low of GBX 1741.00 and a 1-year 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.
Diageo plc (LON:DGE) is engaged in drinks business.
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