Diageo (LON:DGE)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a report issued on Friday, January 26th. They currently have a GBX 2,840 ($39.82) price objective on the stock. Credit Suisse Group’s price target indicates a potential upside of 16.51% from the company’s current price.
Several other analysts have also commented on DGE. Societe Generale set a GBX 2,896 ($40.61) price target on shares of Diageo and gave the company a “buy” rating in a research report on Friday, January 26th. Berenberg Bank reissued a “hold” rating and set a GBX 2,550 ($35.75) price target on shares of Diageo in a research report on Friday, January 26th. UBS Group set a GBX 2,880 ($40.38) price target on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 25th. S&P Global set a GBX 2,900 ($40.66) price objective on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Sanford C. Bernstein set a GBX 2,900 ($40.66) price objective on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Diageo presently has a consensus rating of “Hold” and a consensus price target of GBX 2,645.36 ($37.09).
Diageo (LON DGE) traded down GBX 8 ($0.11) during midday trading on Friday, hitting GBX 2,437.50 ($34.18). 6,896,488 shares of the stock were exchanged, compared to its average volume of 4,070,000. The company has a market capitalization of $60,450.00 and a PE ratio of 1,919.29. Diageo has a 12-month low of GBX 2,186.50 ($30.66) and a 12-month high of GBX 2,735.50 ($38.36).
Diageo (LON:DGE) last posted its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.95) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). Diageo had a net margin of 21.12% and a return on equity of 23.14%. The firm had revenue of GBX 653 billion for the quarter.
In related news, insider Javier Ferrán purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were purchased at an average price of GBX 2,541 ($35.63) per share, with a total value of £762,300 ($1,068,844.64). Insiders purchased a total of 30,016 shares of company stock worth $76,272,484 in the last three months.
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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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