Deutsche Bank Reiterates “GBX 2,750” Price Target for Diageo (DGE)

Diageo (LON:DGE) has been given a GBX 2,750 ($37.29) price target by equities research analysts at Deutsche Bank in a report released on Thursday. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 5.44% from the company’s current price.

Several other analysts have also commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,900 ($39.33) price objective on shares of Diageo in a report on Wednesday. UBS Group set a GBX 2,880 ($39.06) price objective on Diageo and gave the company a “buy” rating in a report on Monday. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($27.12) price objective on shares of Diageo in a report on Monday. Morgan Stanley raised their price objective on Diageo from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Credit Suisse Group set a GBX 2,840 ($38.51) price objective on Diageo and gave the company a “buy” rating in a report on Thursday, December 14th. One equities research 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. Diageo currently has an average rating of “Buy” and a consensus price target of GBX 2,623.09 ($35.57).

Shares of Diageo (LON DGE) opened at GBX 2,608.17 ($35.37) on Thursday. Diageo has a 1-year low of GBX 2,137.50 ($28.99) and a 1-year high of GBX 2,735.50 ($37.10). The company has a market capitalization of $64,800.00 and a P/E ratio of 2,414.97.

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About Diageo

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 (LON:DGE)

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