Oriel Securities Ltd Reiterates “Buy” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “buy” rating reiterated by research analysts at Oriel Securities Ltd in a report released on Wednesday. They currently have a GBX 1,950 ($33.32) price objective on the stock. Oriel Securities Ltd’s price objective points to a potential upside of 7.14% from the stock’s previous close.
Shares of Diageo plc (LON:DGE) opened at 1820.0001 on Wednesday. Diageo plc has a 1-year low of GBX 1691.00 and a 1-year high of GBX 2152.50. The stock has a 50-day moving average of GBX 1870.06 and a 200-day moving average of GBX 1871.. The company’s market cap is £45.627 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Diageo plc in a research note on Thursday, July 17th. They now have a GBX 1,900 ($32.47) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Diageo plc to an “underweight” rating in a research note on Thursday, July 17th. They now have a GBX 1,760 ($30.08) price target on the stock, down previously from GBX 1,780 ($30.42). Finally, analysts at Societe Generale downgraded shares of Diageo plc to a “sell” rating in a research note on Wednesday, July 16th. They now have a GBX 1,650 ($28.20) price target on the stock, down previously from GBX 1,850 ($31.61). Five analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,982.15 ($33.87).
Diageo plc (LON:DGE) is engaged in drinks business.
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