Diageo (LON:DGE) has been given a GBX 3,100 ($40.51) price objective by research analysts at Deutsche Bank in a research note issued to investors on Monday, February 4th. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 5.51% from the company’s previous close.
A number of other equities analysts also recently weighed in on DGE. Sanford C. Bernstein set a GBX 2,500 ($32.67) price target on Diageo and gave the stock a “sell” rating in a research report on Thursday, January 31st. Goldman Sachs Group set a GBX 3,150 ($41.16) price target on Diageo and gave the stock a “buy” rating in a research report on Monday, November 12th. UBS Group reaffirmed a “buy” rating and set a GBX 3,100 ($40.51) price target on shares of Diageo in a research report on Tuesday, November 13th. Berenberg Bank upped their price target on Diageo from GBX 2,550 ($33.32) to GBX 2,670 ($34.89) and gave the stock a “hold” rating in a research report on Tuesday, January 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Diageo in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Diageo currently has an average rating of “Buy” and an average price target of GBX 2,998.67 ($39.18).
LON:DGE traded up GBX 24.50 ($0.32) during trading hours on Monday, reaching GBX 2,938 ($38.39). 5,333,050 shares of the stock were exchanged, compared to its average volume of 4,520,000. Diageo has a twelve month low of GBX 2,186.50 ($28.57) and a twelve month high of GBX 2,735.50 ($35.74).
Diageo (LON:DGE) last released its quarterly earnings results on Thursday, January 31st. The company reported GBX 77 ($1.01) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 70.80 ($0.93) by GBX 6.20 ($0.08).
In other Diageo news, insider Javier Ferrán purchased 275 shares of the business’s stock in a transaction on Monday, February 11th. The stock was acquired at an average price of GBX 3,009 ($39.32) per share, with a total value of £8,274.75 ($10,812.43). Insiders have acquired a total of 35,286 shares of company stock valued at $98,647,699 in the last ninety days.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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