Diageo (LON:DGE)‘s stock had its “sell” rating reissued by stock analysts at Liberum Capital in a research note issued on Thursday, March 15th. They presently have a GBX 2,100 ($29.48) target price on the stock. Liberum Capital’s price target points to a potential downside of 15.75% from the stock’s previous close.
A number of other research firms also recently issued reports on DGE. Morgan Stanley boosted their target price on shares of Diageo from GBX 2,800 ($39.30) to GBX 2,900 ($40.71) and gave the company an “overweight” rating in a research report on Monday, January 8th. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 2,900 ($40.71) price objective on shares of Diageo in a report on Wednesday, January 10th. Jefferies Group reissued a “buy” rating and set a GBX 2,900 ($40.71) target price on shares of Diageo in a research note on Wednesday, November 29th. Goldman Sachs set a GBX 2,460 ($34.53) target price on shares of Diageo and gave the stock a “neutral” rating in a research note on Monday, December 11th. Finally, Credit Suisse Group set a GBX 2,840 ($39.87) price target on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,630.09 ($36.92).
Shares of DGE opened at GBX 2,492.50 ($34.99) on Thursday. Diageo has a twelve month low of GBX 2,186.50 ($30.69) and a twelve month high of GBX 2,735.50 ($38.40).
Diageo (LON:DGE) last posted its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.95) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%. The business had revenue of GBX 653 billion during the quarter.
In other Diageo news, insider Javier Ferrán purchased 337 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average price of GBX 2,455 ($34.46) per share, for a total transaction of £8,273.35 ($11,613.35). In the last quarter, insiders have purchased 30,355 shares of company stock valued at $77,103,352.
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Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.
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