Diageo plc’s (DGE) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of Diageo plc (LON:DGE) in a research note published on Monday. The brokerage currently has a GBX 2,900 ($38.14) target price on the stock.

A number of other brokerages have also issued reports on DGE. Jefferies Group LLC set a GBX 3,000 ($39.46) price objective on shares of Diageo plc and gave the company a buy rating in a report on Friday, September 1st. Credit Suisse Group AG upped their price objective on shares of Diageo plc from GBX 2,700 ($35.51) to GBX 2,840 ($37.35) and gave the company an outperform rating in a report on Tuesday, September 12th. Berenberg Bank lowered shares of Diageo plc to a hold rating and set a GBX 2,550 ($33.54) price objective for the company. in a report on Wednesday, September 13th. Bryan, Garnier & Co upped their price objective on shares of Diageo plc from GBX 2,210 ($29.07) to GBX 2,320 ($30.51) and gave the company a neutral rating in a report on Wednesday, August 23rd. Finally, UBS AG set a GBX 2,880 ($37.88) price objective on shares of Diageo plc and gave the company a buy rating in a report on Tuesday, October 24th. One investment 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 stock has a consensus rating of Buy and a consensus price target of GBX 2,586.05 ($34.01).

Shares of Diageo plc (DGE) traded up GBX 5 ($0.07) on Monday, hitting GBX 2,585.50 ($34.01). 2,543,574 shares of the company were exchanged, compared to its average volume of 3,540,000. Diageo plc has a 12-month low of GBX 1,946 ($25.60) and a 12-month high of GBX 2,616.50 ($34.41).

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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.

Analyst Recommendations for Diageo plc (LON:DGE)

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