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Diageo (LON:DGE)‘s stock had its “outperform” rating reiterated by stock analysts at Sanford C. Bernstein in a report issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 2,440 ($40.05) price objective on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 22.37% from the stock’s previous close.

DGE has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 2,200 ($36.11) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Diageo from GBX 2,050 ($33.65) to GBX 2,000 ($32.83) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Diageo in a research note to investors on Friday, January 17th. They now have a GBX 2,175 ($35.70) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have issued a buy rating to the company. Diageo presently has a consensus rating of “Buy” and an average price target of GBX 2,174.30 ($35.69).

Diageo (LON:DGE) traded down 0.83% during mid-day trading on Thursday, hitting GBX 1977.50. 1,929,347 shares of the company’s stock traded hands. Diageo has a one year low of GBX 1809.4999 and a one year high of GBX 2152.50. The stock has a 50-day moving average of GBX 1952. and a 200-day moving average of GBX 1990.. The company’s market cap is £49.500 billion.

Diageo plc (LON:DGE) is engaged in drinks business.

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