Diageo plc (LON:DGE)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a research report issued on Wednesday, November 1st. They currently have a GBX 2,900 ($38.14) price target on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 13.30% from the company’s previous close.
DGE has been the topic of several other research reports. Kepler Capital Markets reissued a “hold” rating and issued a GBX 2,400 ($31.57) price target on shares of Diageo plc in a report on Thursday, July 27th. Sanford C. Bernstein set a GBX 3,000 ($39.46) target price on Diageo plc and gave the company a “buy” rating in a research note on Monday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,600 ($34.20) target price on shares of Diageo plc in a research note on Thursday, August 10th. Whitman Howard lifted their target price on Diageo plc from GBX 2,250 ($29.59) to GBX 2,700 ($35.51) and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,550 ($33.54) target price on shares of Diageo plc in a research note on Friday, July 28th. One 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 stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 2,586.05 ($34.01).
Shares of Diageo plc (LON:DGE) traded down GBX 11 ($0.14) during midday trading on Wednesday, hitting GBX 2,559.50 ($33.66). The company had a trading volume of 2,688,391 shares, compared to its average volume of 3,570,000. Diageo plc has a 1-year low of GBX 1,946 ($25.60) and a 1-year high of GBX 2,616.50 ($34.41).
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In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($32.92) per share, with a total value of £1,626,950 ($2,139,879.00). In the last ninety days, insiders bought 65,026 shares of company stock valued at $162,762,060.
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.
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