Diageo (DGE) Given Hold Rating at Kepler Capital Markets

Diageo (LON:DGE)‘s stock had its “hold” rating reissued by equities research analysts at Kepler Capital Markets in a research note issued to investors on Thursday. They presently have a GBX 2,550 ($34.58) target price on the stock. Kepler Capital Markets’ price target indicates a potential downside of 0.35% from the company’s previous close.

Several other equities analysts also recently commented on DGE. Goldman Sachs Group set a GBX 2,490 ($33.77) price target on Diageo and gave the company a “neutral” rating in a report on Tuesday. Shore Capital reiterated a “buy” rating on shares of Diageo in a report on Thursday. JPMorgan Chase & Co. set a GBX 2,900 ($39.33) price target on Diageo and gave the company a “buy” rating in a report on Thursday. Jefferies Group lowered their price target on Diageo from GBX 3,000 ($40.68) to GBX 2,900 ($39.33) and set a “buy” rating on the stock in a report on Thursday, September 28th. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 2,100 ($28.48) price target on shares of Diageo in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Diageo presently has a consensus rating of “Buy” and an average price target of GBX 2,651 ($35.95).

Shares of Diageo (DGE) traded up GBX 22 ($0.30) during mid-day trading on Thursday, reaching GBX 2,559 ($34.70). The company’s stock had a trading volume of 6,453,312 shares, compared to its average volume of 3,390,000. Diageo has a one year low of GBX 2,170 ($29.43) and a one year high of GBX 2,735.50 ($37.10). The firm has a market capitalization of $63,920.00 and a P/E ratio of 2,369.44.

Diageo (LON:DGE) last announced its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.92) EPS for the quarter, beating the consensus estimate of GBX 65.70 ($0.89) by GBX 2.10 ($0.03). Diageo had a return on equity of 23.14% and a net margin of 21.12%. The company had revenue of GBX 653 billion for the quarter.

In other news, insider Javier Ferrán bought 30,000 shares of Diageo stock in a transaction that occurred on Friday, January 26th. The stock was purchased at an average cost of GBX 2,541 ($34.46) per share, with a total value of £762,300 ($1,033,767.29). Over the last ninety days, insiders purchased 30,025 shares of company stock valued at $76,295,632.

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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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