Diageo’s (LON:DGE) Hold Rating Reiterated at Investec

Diageo (LON:DGE)‘s stock had its “hold” rating reiterated by Investec in a research report issued to clients and investors on Monday, January 29th. They presently have a GBX 2,550 ($35.23) target price on the stock. Investec’s price target indicates a potential upside of 3.60% from the stock’s current price.

DGE has been the topic of a number of other reports. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($27.63) price objective on shares of Diageo in a report on Wednesday, November 1st. JPMorgan Chase & Co. increased their price objective on Diageo from GBX 2,800 ($38.68) to GBX 2,900 ($40.07) and gave the company an “overweight” rating in a report on Tuesday, November 7th. Whitman Howard increased their price objective on Diageo from GBX 2,250 ($31.09) to GBX 2,700 ($37.30) and gave the company a “hold” rating in a report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,840 ($39.24) price objective on shares of Diageo in a report on Wednesday, December 6th. Finally, Morgan Stanley increased their price objective on Diageo from GBX 2,800 ($38.68) to GBX 2,900 ($40.07) and gave the company an “overweight” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,645.36 ($36.55).

Diageo (LON:DGE) traded up GBX 24 ($0.33) during trading on Monday, reaching GBX 2,461.50 ($34.01). The company’s stock had a trading volume of 4,220,073 shares, compared to its average volume of 4,210,000. Diageo has a 52 week low of GBX 2,186.50 ($30.21) and a 52 week high of GBX 2,735.50 ($37.79). The stock has a market capitalization of $60,940.00 and a PE ratio of 1,938.19.

Diageo (LON:DGE) last released its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.94) EPS for the quarter, beating analysts’ consensus estimates of GBX 65.70 ($0.91) 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 during the quarter.

In related news, insider Javier Ferrán bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were purchased at an average cost of GBX 2,541 ($35.11) per share, with a total value of £762,300 ($1,053,191.49). Over the last ninety days, insiders have purchased 30,025 shares of company stock worth $76,294,525.

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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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