Diageo (LON:DGE) had its target price raised by Morgan Stanley from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) in a research report issued to clients and investors on Monday, January 8th. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 10.81% from the company’s previous close.
Several other research analysts have also weighed in on DGE. Jefferies Group lowered their price objective on Diageo from GBX 3,000 ($40.68) to GBX 2,900 ($39.33) and set a “buy” rating for the company in a research report on Thursday, September 28th. Shore Capital reissued a “buy” rating on shares of Diageo in a research report on Wednesday, September 20th. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($27.12) price objective on shares of Diageo in a research report on Wednesday, September 20th. Goldman Sachs Group decreased their target price on Diageo from GBX 2,400 ($32.55) to GBX 2,385 ($32.34) and set a “neutral” rating for the company in a research report on Thursday, September 21st. Finally, JPMorgan Chase & Co. boosted their target price on Diageo from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) and gave the company an “overweight” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,623.09 ($35.57).
Diageo (DGE) opened at GBX 2,617 ($35.49) on Monday. The company has a market capitalization of $65,050.00 and a PE ratio of 2,423.15. Diageo has a twelve month low of GBX 2,137.50 ($28.99) and a twelve month high of GBX 2,735.50 ($37.10).
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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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