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Diageo PLC (NYSE:DEO) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.

Shares of Diageo PLC (NYSE:DEO) traded down 1.34% during mid-day trading on Thursday, hitting $118.8699. The stock had a trading volume of 577,218 shares. Diageo PLC has a 1-year low of $111.87 and a 1-year high of $134.08. The stock’s 50-day moving average is $128.7 and its 200-day moving average is $127.3. The company has a market cap of $74.388 billion and a P/E ratio of 18.99.

DEO has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd downgraded shares of Diageo PLC to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Diageo PLC in a research note to investors on Thursday, January 16th. They now have a $137.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Diageo PLC from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Diageo PLC has an average rating of “Buy” and a consensus target price of $141.00.

Diageo plc (NYSE:DEO) is engaged in the drinks business with a collection of international brands.

The Fly On The Wall

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