Diageo Upgraded by BNP Paribas to Outperform (DGE)
Diageo (LON:DGE) was upgraded by BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Stock Ratings News reports. The firm currently has a GBX 2,033 ($32.62) price objective on the stock. BNP Paribas’ target price would suggest a potential upside of 5.83% from the stock’s previous close.
A number of other firms have also recently commented on DGE. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Diageo in a research note to investors on Friday. They now have a GBX 2,250 ($36.10) price target on the stock. Separately, 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. Finally, 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. One 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 stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,105.26 ($33.78).
Shares of Diageo (LON:DGE) opened at 1951.50 on Friday. Diageo has a 52-week low of GBX 1741.00 and a 52-week high of GBX 2152.50. The stock has a 50-day moving average of GBX 2028. and a 200-day moving average of GBX 1995.. The company’s market cap is £48.849 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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