Diageo (DGE) Given a GBX 2,800 Price Target at JPMorgan Chase & Co.

Diageo (LON:DGE) has been given a GBX 2,800 ($38.68) target price by JPMorgan Chase & Co. in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 13.20% from the stock’s current price.

A number of other analysts have also recently commented on DGE. UBS Group set a GBX 2,880 ($39.79) price objective on Diageo and gave the company a “buy” rating in a research report on Tuesday, October 24th. Liberum Capital reiterated a “sell” rating and set a GBX 2,000 ($27.63) price objective on shares of Diageo in a research report on Wednesday, November 1st. Whitman Howard upped their price objective on Diageo from GBX 2,250 ($31.09) to GBX 2,700 ($37.30) and gave the company a “hold” rating in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and set a GBX 2,900 ($40.07) price objective on shares of Diageo in a research report on Wednesday, November 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,840 ($39.24) price objective on shares of Diageo in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,640.82 ($36.49).

Shares of Diageo (LON:DGE) traded up GBX 11 ($0.15) during trading hours on Wednesday, hitting GBX 2,473.50 ($34.17). The stock had a trading volume of 4,564,592 shares, compared to its average volume of 4,360,000. The company has a market capitalization of $61,130.00 and a P/E ratio of 1,947.64. Diageo has a 1 year low of GBX 2,186.50 ($30.21) and a 1 year high of GBX 2,735.50 ($37.79).

Diageo (LON:DGE) last announced its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). The firm had revenue of GBX 653 billion for the quarter. Diageo had a return on equity of 23.14% and a net margin of 21.12%.

In other Diageo news, insider Javier Ferrán bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was purchased at an average price of GBX 2,541 ($35.11) per share, for a total transaction of £762,300 ($1,053,191.49). In the last 90 days, insiders acquired 30,025 shares of company stock valued at $76,294,525.

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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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