JPMorgan Chase & Co. Analysts Give Diageo plc (DGE) a GBX 2,500 Price Target
Diageo plc (LON:DGE) received a GBX 2,500 ($32.27) target price from equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 9.08% from the stock’s current price.
Several other equities analysts have also commented on DGE. Liberum Capital reissued a “hold” rating and set a GBX 2,182 ($28.17) price objective (up previously from GBX 1,900 ($24.53)) on shares of Diageo plc in a research report on Monday, January 23rd. Whitman Howard reissued a “hold” rating and set a GBX 2,250 ($29.04) price objective on shares of Diageo plc in a research report on Monday, January 23rd. Barclays PLC raised their price objective on Diageo plc from GBX 2,150 ($27.75) to GBX 2,285 ($29.50) and gave the company an “equal weight” rating in a research report on Monday, January 23rd. Shore Capital reissued a “buy” rating on shares of Diageo plc in a research report on Thursday, January 26th. Finally, Bryan, Garnier & Co reissued a “neutral” rating and set a GBX 2,150 ($27.75) price objective on shares of Diageo plc in a research report on Thursday, January 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,357.40 ($30.43).
Shares of Diageo plc (LON:DGE) opened at 2299.00 on Monday. The company’s market cap is GBX 57.73 billion. The firm’s 50-day moving average is GBX 2,276.34 and its 200-day moving average is GBX 2,184.21. Diageo plc has a 52 week low of GBX 1,737.00 and a 52 week high of GBX 2,348.09.
COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Analysts Give Diageo plc (DGE) a GBX 2,500 Price Target” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/05/22/jpmorgan-chase-co-analysts-give-diageo-plc-dge-a-gbx-2500-price-target.html.
In related news, insider Philip G. Scott sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of GBX 2,283 ($29.47), for a total transaction of £182,640 ($235,755.78). Also, insider Kathryn Mikells sold 20,664 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.57), for a total value of £473,412.24 ($611,091.05).
About Diageo plc
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
Receive News & Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related companies with MarketBeat.com's FREE daily email newsletter.