Diageo Stock Rating Reaffirmed by Berenberg Bank (DGE)
Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Friday, AR Network reports. They currently have a GBX 2,250 ($36.10) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 17.13% from the stock’s previous close.
Shares of Diageo (LON:DGE) opened at 1954.50 on Friday. 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 £48.924 billion.
DGE has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 2,450 ($39.31) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Diageo from GBX 2,350 ($37.70) to GBX 2,300 ($36.90) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,105.26 ($33.78).
Diageo plc (LON:DGE) is engaged in drinks business.