Diageo (DGE) Given a GBX 3,000 Price Target at Credit Suisse Group

Credit Suisse Group set a GBX 3,000 ($39.94) target price on Diageo (LON:DGE) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group set a GBX 2,880 ($38.34) target price on shares of Diageo and gave the stock a buy rating in a research report on Monday, April 30th. Kepler Capital Markets set a GBX 2,850 ($37.94) target price on shares of Diageo and gave the stock a buy rating in a research report on Thursday, May 3rd. Sanford C. Bernstein set a GBX 2,700 ($35.95) price target on Diageo and gave the company a buy rating in a research report on Tuesday, April 10th. Citigroup reaffirmed a buy rating and issued a GBX 3,000 ($39.94) price target on shares of Diageo in a research report on Friday, May 25th. Finally, Royal Bank of Canada set a GBX 2,300 ($30.62) price target on Diageo and gave the company a neutral rating in a research report on Monday, March 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 2,673.67 ($35.60).

Diageo stock traded down GBX 14 ($0.19) during mid-day trading on Friday, hitting GBX 2,722 ($36.24). 5,548,660 shares of the company’s stock were exchanged, compared to its average volume of 4,520,000. Diageo has a 1-year low of GBX 2,186.50 ($29.11) and a 1-year high of GBX 2,735.50 ($36.42).

In other news, insider Javier Ferrán bought 309 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were acquired at an average cost of GBX 2,677 ($35.64) per share, with a total value of £8,271.93 ($11,013.09). Over the last three months, insiders have purchased 645 shares of company stock worth $1,677,625.

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.

Analyst Recommendations for Diageo (LON:DGE)

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