Diageo plc (LON:DGE) has been given a GBX 2,880 ($38.00) price objective by equities researchers at UBS AG in a report released on Tuesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 11.67% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Shore Capital reissued a “buy” rating on shares of Diageo plc in a research note on Monday, July 10th. Societe Generale set a GBX 2,763 ($36.46) target price on Diageo plc and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a GBX 2,550 ($33.65) target price on Diageo plc and gave the stock a “buy” rating in a research note on Thursday, July 6th. S&P Global set a GBX 2,700 ($35.63) target price on Diageo plc and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a GBX 2,800 ($36.95) target price on shares of Diageo plc in a research note on Friday, July 28th. One investment 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’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,561.05 ($33.80).

Shares of Diageo plc (DGE) opened at 2581.00 on Tuesday. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,616.00. The firm has a 50-day moving average of GBX 2,520.32 and a 200 day moving average of GBX 2,396.27. The firm’s market cap is GBX 64.87 billion.

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In related news, insider Alan Stewart acquired 4,076 shares of the company’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of GBX 2,465 ($32.53) per share, for a total transaction of £100,473.40 ($132,585.64). Also, insider Javier Ferran acquired 65,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average price of GBX 2,503 ($33.03) per share, for a total transaction of £1,626,950 ($2,146,938.51). Over the last 90 days, insiders have acquired 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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