Diageo plc (LON:DGE) Given a GBX 2,720 Price Target at Sanford C. Bernstein
Diageo plc (LON:DGE) received a GBX 2,720 ($35.52) target price from analysts at Sanford C. Bernstein in a note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 18.80% from the company’s previous close.
A number of other research analysts have also commented on the stock. BNP Paribas reiterated an “outperform” rating and issued a GBX 2,435 ($31.80) price target on shares of Diageo plc in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a GBX 2,500 ($32.65) price target on shares of Diageo plc in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,600 ($33.95) price target on shares of Diageo plc in a research note on Thursday, June 8th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,500 ($32.65) price target on shares of Diageo plc in a research note on Thursday, June 22nd. Finally, Whitman Howard reiterated a “hold” rating and issued a GBX 2,250 ($29.38) price target on shares of Diageo plc in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Diageo plc has an average rating of “Buy” and an average target price of GBX 2,436.27 ($31.81).
Diageo plc (DGE) traded up 0.13% during trading on Wednesday, reaching GBX 2289.50. 2,376,251 shares of the company’s stock traded hands. Diageo plc has a 12 month low of GBX 1,946.00 and a 12 month high of GBX 2,413.50. The firm’s market cap is GBX 57.49 billion. The firm has a 50 day moving average price of GBX 2,312.22 and a 200-day moving average price of GBX 2,268.86.
In other Diageo plc news, insider Philip G. Scott sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($29.81), for a total value of £182,640 ($238,495.69). Also, insider Kathryn Mikells sold 20,664 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.92), for a total transaction of £473,412.24 ($618,193.05). Over the last quarter, insiders have purchased 24 shares of company stock valued at $54,967.
Diageo plc Company Profile
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.
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