Diageo plc’s (DGE) Outperform Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of Diageo plc (LON:DGE) in a research note issued to investors on Friday morning. Credit Suisse Group AG currently has a GBX 2,370 ($29.40) target price on the stock.
A number of other brokerages have also recently issued reports on DGE. Liberum Capital started coverage on shares of Diageo plc in a research note on Monday, October 3rd. They issued a hold rating and a GBX 2,182 ($27.07) price target on the stock. Beaufort Securities reiterated a buy rating on shares of Diageo plc in a research note on Thursday, September 22nd. Deutsche Bank AG upped their price target on shares of Diageo plc from GBX 1,900 ($23.57) to GBX 2,000 ($24.81) and gave the stock a hold rating in a research note on Friday, July 29th. Barclays PLC reiterated an equal weight rating and issued a GBX 2,150 ($26.67) price target on shares of Diageo plc in a research note on Wednesday, September 14th. Finally, Berenberg Bank upped their price target on shares of Diageo plc from GBX 2,350 ($29.15) to GBX 2,400 ($29.77) and gave the stock a buy rating in a research note on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Diageo plc presently has an average rating of Hold and a consensus price target of GBX 2,197.67 ($27.26).
Diageo plc (LON:DGE) opened at 2005.00 on Friday. The stock has a 50 day moving average of GBX 2,103.92 and a 200 day moving average of GBX 2,066.76. Diageo plc has a 1-year low of GBX 1,724.50 and a 1-year high of GBX 2,286.50. The stock’s market cap is GBX 50.33 billion.
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In related news, insider Javier Ferran purchased 13,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average cost 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 the stock in a transaction that occurred on Monday, October 10th. The stock was bought 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.
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