Diageo (LON:DGE)‘s stock had its “sell” rating reaffirmed by equities research analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 2,100 ($29.01) target price on the stock. Liberum Capital’s target price suggests a potential downside of 13.79% from the company’s current price.
DGE has been the subject of a number of other reports. Societe Generale set a GBX 2,896 ($40.01) target price on Diageo and gave the company a “buy” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,900 ($40.07) price target on shares of Diageo in a report on Friday, November 24th. Goldman Sachs set a GBX 2,460 ($33.99) price target on Diageo and gave the company a “neutral” rating in a report on Monday, December 11th. Investec reiterated a “hold” rating and issued a GBX 2,550 ($35.23) price target on shares of Diageo in a report on Monday, January 29th. Finally, UBS set a GBX 2,880 ($39.79) price target on Diageo and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 2,634.64 ($36.40).
Shares of Diageo (LON:DGE) opened at GBX 2,436 ($33.66) on Thursday. The firm has a market capitalization of $59,930.00 and a price-to-earnings ratio of 2,155.75. Diageo has a 1 year low of GBX 2,186.50 ($30.21) and a 1 year high of GBX 2,735.50 ($37.79).
Diageo (LON:DGE) last issued its earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). The business had revenue of GBX 653 billion during the quarter. Diageo had a return on equity of 33.47% and a net margin of 27.06%.
In other Diageo news, insider Javier Ferrán bought 337 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of GBX 2,455 ($33.92) per share, for a total transaction of £8,273.35 ($11,430.44). Over the last 90 days, insiders have purchased 30,355 shares of company stock worth $77,103,352.
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Diageo Company Profile
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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