Diageo (DGE) Given a GBX 2,490 Price Target by Goldman Sachs Group Analysts

Diageo (LON:DGE) has been assigned a GBX 2,490 ($33.77) price objective by Goldman Sachs Group in a research report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective indicates a potential downside of 4.78% from the company’s previous close.

A number of other research firms also recently weighed in on DGE. UBS Group set a GBX 2,880 ($39.06) price target on Diageo and gave the company a “buy” rating in a research note on Wednesday, November 29th. Jefferies Group restated a “buy” rating and issued a GBX 2,900 ($39.33) price target on shares of Diageo in a research note on Wednesday, November 29th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,900 ($39.33) price target on shares of Diageo in a research note on Thursday, November 30th. Deutsche Bank lifted their price target on Diageo from GBX 2,375 ($32.21) to GBX 2,750 ($37.29) and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Liberum Capital restated a “sell” rating and issued a GBX 2,000 ($27.12) price target on shares of Diageo in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Diageo has an average rating of “Buy” and an average target price of GBX 2,624.45 ($35.59).

Diageo (LON DGE) opened at GBX 2,616.50 ($35.48) on Tuesday. Diageo has a 12 month low of GBX 2,138 ($28.99) and a 12 month high of GBX 2,735.50 ($37.10). The stock has a market cap of $64,860.00 and a PE ratio of 2,422.69.

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About Diageo

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 (LON:DGE)

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