Credit Suisse Reiterates “Neutral” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,950 ($33.21) target price on the stock. Credit Suisse’s price target suggests a potential upside of 4.51% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo plc in a research note on Monday. They now have a GBX 2,300 ($39.18) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 1,600 ($27.25) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Diageo plc in a research note on Thursday, June 26th. They now have a GBX 2,000 ($34.07) price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,999.32 ($34.05).
Shares of Diageo plc (LON:DGE) traded up 1.94% during mid-day trading on Tuesday, hitting GBX 1902.1901. 7,423,514 shares of the company’s stock traded hands. Diageo plc has a 52 week low of GBX 1691.00 and a 52 week high of GBX 2152.50. The stock’s 50-day moving average is GBX 1887. and its 200-day moving average is GBX 1881.. The company’s market cap is £47.688 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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