Diageo (LON:DGE) has been assigned a GBX 2,700 ($38.66) price objective by investment analysts at Sanford C. Bernstein in a research note issued on Tuesday, April 10th. The firm currently has a “buy” rating on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 9.89% from the stock’s previous close.
Several other research firms have also weighed in on DGE. Goldman Sachs set a GBX 2,460 ($35.22) price objective on shares of Diageo and gave the stock a “neutral” rating in a research note on Monday, December 11th. JPMorgan Chase reaffirmed an “overweight” rating and set a GBX 2,900 ($41.52) target price on shares of Diageo in a report on Tuesday, December 12th. Credit Suisse Group set a GBX 2,840 ($40.66) price objective on shares of Diageo and gave the company a “buy” rating in a report on Thursday, December 14th. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($28.64) price objective on shares of Diageo in a report on Tuesday, December 19th. Finally, Morgan Stanley upped their price target on shares of Diageo from GBX 2,800 ($40.09) to GBX 2,900 ($41.52) and gave the stock an “overweight” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Diageo presently has a consensus rating of “Hold” and an average price target of GBX 2,621 ($37.53).
Shares of DGE stock opened at GBX 2,457 ($35.18) on Tuesday. Diageo has a 52-week low of GBX 2,186.50 ($31.31) and a 52-week high of GBX 2,735.50 ($39.17).
Diageo (LON:DGE) last announced its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.97) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 65.70 ($0.94) by GBX 2.10 ($0.03). The company had revenue of GBX 653 billion for the quarter. Diageo had a net margin of 27.06% and a return on equity of 33.47%.
In other news, insider Javier Ferrán bought 30,000 shares of the stock in a transaction dated Friday, January 26th. The stock was bought at an average price of GBX 2,541 ($36.38) per share, for a total transaction of £762,300 ($1,091,494.85). In the last quarter, insiders bought 30,674 shares of company stock valued at $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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