Diageo Receives “Overweight” Rating from Barclays (DGE)
Diageo (LON:DGE)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday, Analyst Ratings News reports. They currently have a GBX 2,175 ($35.84) price objective on the stock. Barclays’ target price would indicate a potential upside of 12.61% from the company’s current price.
Shares of 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’s 50-day moving average is GBX 1949.68 and its 200-day moving average is GBX 1988.. The company’s market cap is £48.349 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Diageo to a “neutral” rating in a research note to investors on Friday. They now have a GBX 1,970 ($32.47) price target on the stock, down previously from GBX 2,050 ($33.78). Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Diageo has an average rating of “Buy” and a consensus target price of GBX 2,176.15 ($35.86).
Diageo plc (LON:DGE) is engaged in drinks business.
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