Berenberg Bank Analysts Give Diageo plc (LON:DGE) a GBX 2,550 Price Target
Diageo plc (LON:DGE) received a GBX 2,550 ($33.22) target price from equities researchers at Berenberg Bank in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 5.88% from the stock’s previous close.
Several other equities research analysts have also issued reports on DGE. UBS AG set a GBX 2,450 ($31.92) target price on shares of Diageo plc and gave the stock a “buy” rating in a report on Wednesday, April 19th. BNP Paribas reissued an “outperform” rating and issued a GBX 2,435 ($31.72) target price on shares of Diageo plc in a report on Wednesday, July 19th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a report on Tuesday. S&P Global set a GBX 2,700 ($35.17) price objective on shares of Diageo plc and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,800 ($36.48) price objective on shares of Diageo plc in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,480.82 ($32.32).
Shares of Diageo plc (LON:DGE) traded up 1.00% during trading on Friday, reaching GBX 2432.50. 4,816,804 shares of the company traded hands. The company’s 50-day moving average price is GBX 2,304.57 and its 200-day moving average price is GBX 2,275.10. The company’s market capitalization is GBX 61.08 billion. Diageo plc has a 52 week low of GBX 1,946.00 and a 52 week high of GBX 2,479.00.
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In other news, insider Alan Stewart acquired 4,076 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of GBX 2,465 ($32.11) per share, for a total transaction of £100,473.40 ($130,892.91). Also, insider Kathryn Mikells sold 20,664 shares of Diageo plc stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.85), for a total value of £473,412.24 ($616,743.41). Insiders purchased 4,100 shares of company stock valued at $10,102,307 over the last 90 days.
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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