Diageo plc (DGE) PT Set at GBX 2,800 by J P Morgan Chase & Co
Diageo plc (LON:DGE) received a GBX 2,800 ($36.81) price objective from stock analysts at J P Morgan Chase & Co in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 9.44% from the stock’s previous close.
Other equities analysts also recently issued reports about the company. Morgan Stanley restated an “overweight” rating and set a GBX 2,500 ($32.87) price target on shares of Diageo plc in a report on Tuesday, July 18th. Kepler Capital Markets restated a “hold” rating and set a GBX 2,400 ($31.55) price target on shares of Diageo plc in a report on Thursday, July 27th. Credit Suisse Group raised their price target on Diageo plc from GBX 2,550 ($33.53) to GBX 2,700 ($35.50) and gave the company an “outperform” rating in a report on Friday, July 28th. Shore Capital restated a “buy” rating on shares of Diageo plc in a report on Monday, July 10th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 2,500 ($32.87) price target on shares of Diageo plc in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 2,557.41 ($33.62).
Diageo plc (LON DGE) opened at 2556.50 on Thursday. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,616.00. The stock’s market capitalization is GBX 64.26 billion. The firm’s 50-day moving average is GBX 2,524.22 and its 200-day moving average is GBX 2,381.33.
In related news, insider Javier Ferran acquired 65,000 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($32.91) per share, with a total value of £1,626,950 ($2,139,034.97). Also, insider Alan Stewart acquired 4,076 shares of the stock in a transaction dated Friday, July 28th. The shares were bought at an average cost of GBX 2,465 ($32.41) per share, for a total transaction of £100,473.40 ($132,097.55). Over the last ninety days, insiders have bought 69,100 shares of company stock worth $172,803,654.
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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