The Diageo plc (DGE) PT Raised to GBX 2,430

The Diageo plc (DGE) PT Raised to GBX 2,430

Diageo plc (LON:DGE) had its price target raised by equities research analysts at Credit Suisse Group AG from GBX 2,370 ($28.59) to GBX 2,430 ($29.32) in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 12.45% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. HSBC set a GBX 2,600 ($31.37) target price on shares of Diageo plc and gave the stock a “buy” rating in a research report on Wednesday, October 26th. Jefferies Group upped their target price on shares of Diageo plc from GBX 2,500 ($30.16) to GBX 2,600 ($31.37) and gave the stock a “buy” rating in a research report on Monday, October 17th. Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research report on Thursday, September 22nd. Berenberg Bank lowered their price objective on shares of Diageo plc from GBX 2,400 ($28.95) to GBX 2,140 ($25.82) and set a “buy” rating for the company in a research report on Friday, November 25th. Finally, JPMorgan Chase & Co. set a GBX 2,500 ($30.16) price objective on shares of Diageo plc and gave the company a “buy” rating in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,204.25 ($26.59).

Shares of Diageo plc (LON:DGE) opened at 2159.00 on Tuesday. The company’s market cap is GBX 54.20 billion. Diageo plc has a 52 week low of GBX 1,724.50 and a 52 week high of GBX 2,286.50. The stock’s 50 day moving average is GBX 2,083.93 and its 200-day moving average is GBX 2,123.34.

In other news, insider Franz B. Humer purchased 405 shares of the stock in a transaction dated Monday, December 12th. The shares were acquired at an average cost of GBX 2,043 ($24.65) per share, for a total transaction of £8,274.15 ($9,982.08). Also, insider Javier Ferran purchased 13,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of GBX 1,975 ($23.83) per share, for a total transaction of £256,750 ($309,747.86).

Diageo plc Company Profile

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.

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