Diageo (LON:DGE) received a GBX 2,880 ($40.71) target price from equities research analysts at UBS in a research note issued to investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS’s target price indicates a potential upside of 16.22% from the company’s previous close.
DGE has been the topic of several other reports. Societe Generale set a GBX 2,896 ($40.93) target price on shares of Diageo and gave the stock a “buy” rating in a research report on Friday, January 26th. Investec reissued a “hold” rating and issued a GBX 2,550 ($36.04) target price on shares of Diageo in a research report on Monday, January 29th. Goldman Sachs set a GBX 2,490 ($35.19) target price on shares of Diageo and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,550 ($36.04) price target on shares of Diageo in a research report on Friday, January 26th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 2,100 ($29.68) price target on shares of Diageo in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 2,621 ($37.05).
DGE opened at GBX 2,478 ($35.02) on Monday. Diageo has a 1 year low of GBX 2,186.50 ($30.90) and a 1 year high of GBX 2,735.50 ($38.66).
Diageo (LON:DGE) last released its earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.96) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 65.70 ($0.93) 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 for the quarter.
In other news, insider Javier Ferrán bought 30,000 shares of Diageo stock in a transaction dated Friday, January 26th. The shares were acquired at an average cost of GBX 2,541 ($35.92) per share, with a total value of £762,300 ($1,077,455.83). Over the last three months, insiders have bought 30,674 shares of company stock worth $77,907,904.
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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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