Diageo plc (LON:DGE) Given a GBX 2,720 Price Target at Sanford C. Bernstein

Diageo plc (LON:DGE) has been assigned a GBX 2,720 ($35.31) price target by equities researchers at Sanford C. Bernstein in a note issued to investors on Wednesday, July 19th. The firm currently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 8.80% from the stock’s current price.

Other analysts have also issued research reports about the stock. Barclays PLC restated an “equal weight” rating on shares of Diageo plc in a research report on Tuesday, March 21st. Liberum Capital restated a “sell” rating and set a GBX 2,000 ($25.96) target price on shares of Diageo plc in a research report on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) set a GBX 2,100 ($27.26) target price on shares of Diageo plc and gave the stock a “sell” rating in a research report on Friday, March 31st. Credit Suisse Group raised their target price on shares of Diageo plc from GBX 2,430 ($31.55) to GBX 2,500 ($32.45) and gave the stock an “outperform” rating in a research report on Thursday, April 6th. Finally, Morgan Stanley set a GBX 2,500 ($32.45) target price on shares of Diageo plc and gave the stock a “buy” rating in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 2,521.05 ($32.73).

Diageo plc (DGE) opened at 2542.00 on Wednesday. The firm’s market capitalization is GBX 63.89 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,545.50. The stock’s 50 day moving average price is GBX 2,351.70 and its 200 day moving average price is GBX 2,302.57.

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In related news, insider Alan Stewart acquired 4,076 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was bought at an average cost of GBX 2,465 ($32.00) per share, with a total value of £100,473.40 ($130,434.12). Over the last three months, insiders have acquired 4,100 shares of company stock valued at $10,103,875.

About Diageo plc

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.