Diageo plc (LON:DGE) received a GBX 3,000 ($39.44) price objective from investment analysts at Sanford C. Bernstein in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 17.58% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Kepler Capital Markets restated a “hold” rating and set a GBX 2,400 ($31.55) price target on shares of Diageo plc in a research note on Thursday, July 27th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,600 ($34.18) price target on shares of Diageo plc in a research note on Thursday, August 10th. Jefferies Group LLC dropped their price target on Diageo plc from GBX 3,000 ($39.44) to GBX 2,900 ($38.13) and set a “buy” rating for the company in a research note on Thursday, September 28th. Berenberg Bank restated a “buy” rating and set a GBX 2,550 ($33.53) price target on shares of Diageo plc in a research note on Friday, July 28th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 2,700 ($35.50) price target on shares of Diageo plc in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 2,561.05 ($33.67).

Diageo plc (LON DGE) traded down 0.33% on Monday, hitting GBX 2543.00. The stock had a trading volume of 1,191,174 shares. The stock’s 50 day moving average is GBX 2,520.59 and its 200 day moving average is GBX 2,384.98. The stock’s market cap is GBX 63.92 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,616.00.

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In other news, insider Alan Stewart purchased 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). Also, insider Javier Ferran bought 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of GBX 2,503 ($32.91) per share, for a total transaction of £1,626,950 ($2,139,034.97). Over the last quarter, 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.

Analyst Recommendations for Diageo plc (LON:DGE)

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