Whitman Howard Reiterates “Hold” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “hold” rating reiterated by Whitman Howard in a research report issued on Thursday. They currently have a GBX 2,250 ($29.38) target price on the stock. Whitman Howard’s price objective points to a potential downside of 1.55% from the company’s previous close.
DGE has been the subject of a number of other research reports. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($26.12) target price on shares of Diageo plc in a research note on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) set a GBX 2,100 ($27.42) target price on Diageo plc and gave the company a “sell” rating in a research note on Friday, March 31st. Barclays PLC reissued an “equal weight” rating and issued a GBX 2,300 ($30.03) target price on shares of Diageo plc in a research note on Friday, March 31st. Credit Suisse Group boosted their target price on Diageo plc from GBX 2,430 ($31.73) to GBX 2,500 ($32.65) and gave the company an “outperform” rating in a research note on Thursday, April 6th. Finally, Morgan Stanley set a GBX 2,500 ($32.65) target price on Diageo plc and gave the company a “buy” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,436.27 ($31.81).
Shares of Diageo plc (DGE) traded down 1.04% during mid-day trading on Thursday, hitting GBX 2285.50. The company had a trading volume of 3,310,620 shares. The company’s market capitalization is GBX 57.39 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,413.50. The company’s 50-day moving average is GBX 2,310.73 and its 200 day moving average is GBX 2,269.25.
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In other Diageo plc news, insider Philip G. Scott sold 8,000 shares of the stock in a transaction on Thursday, May 11th. The stock was 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 stock in a transaction on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.92), for a total value of £473,412.24 ($618,193.05). Over the last ninety days, insiders purchased 24 shares of company stock worth $54,967.
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.
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