Diageo plc (DGE) PT Set at GBX 3,000 by Sanford C. Bernstein

Diageo plc (LON:DGE) has been assigned a GBX 3,000 ($39.59) target price by investment analysts at Sanford C. Bernstein in a report issued on Monday, October 16th. The firm presently has a “buy” rating on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 15.03% from the company’s current price.

Several other equities analysts have also recently commented on DGE. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,700 ($35.63) price target on shares of Diageo plc in a report on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 2,700 ($35.63) price target on shares of Diageo plc in a report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Diageo plc in a report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,600 ($34.31) price target on shares of Diageo plc in a report on Thursday, August 10th. Finally, Jefferies Group LLC cut their price target on Diageo plc from GBX 3,000 ($39.59) to GBX 2,900 ($38.27) and set a “buy” rating for the company in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,561.05 ($33.80).

Shares of Diageo plc (LON DGE) opened at 2608.00 on Monday. The stock has a 50 day moving average price of GBX 2,521.20 and a 200 day moving average price of GBX 2,402.60. The firm’s market capitalization is GBX 65.55 billion. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,616.50.

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In other news, insider Javier Ferran acquired 65,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($33.03) per share, for a total transaction of £1,626,950 ($2,146,938.51). Insiders acquired a total of 65,024 shares of company stock worth $162,756,314 over the last quarter.

About Diageo plc

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 plc (LON:DGE)

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