Diageo’s Overweight Rating Reaffirmed at Barclays Capital (DGE)
Diageo (LON:DGE)‘s stock had its “overweight” rating restated by research analysts at Barclays Capital in a report released on Friday, ARN reports. They currently have a GBX 2,250 ($36.10) target price on the stock. Barclays Capital’s price objective would suggest a potential upside of 17.13% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche 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 BNP Paribas upgraded shares of Diageo from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a GBX 2,033 ($32.62) price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,105.26 ($33.78).
Shares of Diageo (LON:DGE) traded up 2.68% during mid-day trading on Friday, hitting GBX 1972.50. The stock had a trading volume of 2,331,396 shares. 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 £49.375 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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