Diageo Downgraded by Investec to “Sell” (DGE)
Diageo (LON:DGE) was downgraded by Investec to a “sell” rating in a research note issued on Monday, American Banking & Market News reports. They currently have a GBX 1,865 ($29.77) price objective on the stock. Investec’s price objective points to a potential downside of 5.47% from the stock’s previous close.
Shares of Diageo (LON:DGE) opened at 1950.4999 on Monday. 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 £48.824 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Diageo in a research note to investors on Friday. They now have a GBX 2,250 ($35.92) price target on the stock. Separately, 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 ($35.92) price target on the stock. Finally, 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 ($32.46) price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,096.98 ($33.48).
Diageo plc (LON:DGE) is engaged in drinks business.
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