Diageo Downgraded by JPMorgan Chase & Co. to Neutral (DGE)
Diageo (LON:DGE) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,970 ($32.47) target price on the stock, down from their previous target price of GBX 2,050 ($33.78). JPMorgan Chase & Co.’s target price would indicate a potential upside of 1.99% from the company’s current price.
DGE has been the subject of a number of other recent research reports. Analysts at Nomura cut their price target on shares of Diageo from GBX 2,250 ($37.08) to GBX 2,200 ($36.26) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Diageo in a research note to investors on Wednesday. They now have a GBX 2,200 ($36.26) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo in a research note to investors on Tuesday. They now have a GBX 2,440 ($40.21) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 2,176.15 ($35.86).
Diageo (LON:DGE) traded down 1.55% during mid-day trading on Friday, hitting GBX 1931.50. The stock had a trading volume of 8,656,334 shares. Diageo has a 52 week low of GBX 1806.00 and a 52 week high of GBX 2152.50. The stock has a 50-day moving average of GBX 1949.68 and a 200-day moving average of GBX 1988.. The company’s market cap is £48.349 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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