Investec Lowers Diageo Price Target to GBX 1,820 (DGE)
Investment analysts at Investec dropped their price objective on shares of Diageo (LON:DGE) from GBX 1,865 ($30.16) to GBX 1,820 ($29.43) in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a “sell” rating on the stock. Investec’s target price would indicate a potential downside of 9.79% from the company’s current price.
DGE has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “neutral” rating on shares of Diageo in a research note to investors on Tuesday, October 22nd. They now have a GBX 2,050 ($33.15) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Diageo in a research note to investors on Friday, October 18th. They now have a GBX 2,050 ($33.15) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Diageo in a research note to investors on Thursday, October 17th. They now have a GBX 2,350 ($38.00) price target on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 2,091.98 ($33.83).
Diageo (LON:DGE) traded up 0.25% on Tuesday, hitting GBX 2017.4999. The stock had a trading volume of 2,764,251 shares. Diageo has a 52 week low of GBX 1743.50 and a 52 week high of GBX 2152.50. The stock’s 50-day moving average is GBX 1977. and its 200-day moving average is GBX 1987.. The company’s market cap is £50.501 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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