Diageo (LON:DGE) had its target price lifted by investment analysts at Morgan Stanley from GBX 2,800 ($39.32) to GBX 2,900 ($40.72) in a research note issued on Monday, January 8th. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 15.38% from the stock’s current price.
A number of other brokerages also recently issued reports on DGE. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,900 ($40.72) price objective on shares of Diageo in a research note on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,900 ($40.72) target price on shares of Diageo in a research report on Tuesday, November 21st. UBS Group set a GBX 2,880 ($40.44) target price on Diageo and gave the company a “buy” rating in a research report on Wednesday, November 29th. Liberum Capital reissued a “sell” rating and set a GBX 2,000 ($28.09) price objective on shares of Diageo in a report on Monday, November 20th. Finally, Sanford C. Bernstein set a GBX 3,000 ($42.13) price objective on Diageo and gave the stock a “buy” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 2,637.32 ($37.04).
Diageo (DGE) traded down GBX 6.50 ($0.09) during trading on Monday, reaching GBX 2,513.50 ($35.30). The company’s stock had a trading volume of 3,260,000 shares, compared to its average volume of 3,540,000. Diageo has a 12-month low of GBX 2,170 ($30.47) and a 12-month high of GBX 2,735.50 ($38.41). The company has a market cap of $62,340.00 and a price-to-earnings ratio of 1,979.13.
Diageo (LON:DGE) last issued its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.95) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). Diageo had a return on equity of 23.14% and a net margin of 21.12%. The company had revenue of GBX 653 billion for the quarter.
In related news, insider Javier Ferrán acquired 30,000 shares of Diageo stock in a transaction dated Friday, January 26th. The shares were purchased at an average cost of GBX 2,541 ($35.68) per share, with a total value of £762,300 ($1,070,495.72). Insiders have bought 30,025 shares of company stock worth $76,295,632 over the last ninety days.
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Diageo 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.
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