Diageo plc (DGE) Price Target Cut to GBX 2,140
Diageo plc (LON:DGE) had its price objective reduced by Berenberg Bank from GBX 2,400 ($29.77) to GBX 2,140 ($26.55) in a research note released on Friday. They currently have a buy rating on the stock.
A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. restated an overweight rating and set a GBX 2,500 ($31.01) price target on shares of Diageo plc in a research report on Friday, November 11th. Shore Capital restated a buy rating on shares of Diageo plc in a research report on Thursday, July 28th. HSBC set a GBX 2,600 ($32.25) price target on Diageo plc and gave the stock a buy rating in a research report on Wednesday, October 26th. Barclays PLC restated an equal weight rating and set a GBX 2,150 ($26.67) price target on shares of Diageo plc in a research report on Tuesday, November 15th. Finally, Jefferies Group decreased their price objective on Diageo plc from GBX 2,600 ($32.25) to GBX 2,300 ($28.53) and set a buy rating on the stock in a research report on Monday, November 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 2,197.67 ($27.26).
Diageo plc (LON:DGE) opened at 2005.00 on Friday. The stock’s market cap is GBX 50.33 billion. Diageo plc has a one year low of GBX 1,724.50 and a one year high of GBX 2,286.50. The stock’s 50 day moving average price is GBX 2,103.92 and its 200-day moving average price is GBX 2,066.76.
In other Diageo plc news, insider Javier Ferran purchased 13,000 shares of Diageo plc stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average price of GBX 1,975 ($24.50) per share, for a total transaction of £256,750 ($318,508.87). Also, insider Franz B. Humer purchased 369 shares of Diageo plc stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average price of GBX 2,242 ($27.81) per share, with a total value of £8,272.98 ($10,262.97).
About Diageo plc
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
Receive News & Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related companies with MarketBeat.com's FREE daily email newsletter.