Diageo plc (LON:DGE) had its target price raised by equities researchers at Barclays PLC from GBX 2,300 ($29.86) to GBX 2,460 ($31.94) in a research report issued to clients and investors on Friday, July 28th, MarketBeat.com reports. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price objective points to a potential downside of 5.17% from the company’s current price.
A number of other research firms also recently weighed in on DGE. BNP Paribas reissued an “outperform” rating and set a GBX 2,435 ($31.61) target price on shares of Diageo plc in a research report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,500 ($32.45) price objective on shares of Diageo plc in a report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,800 ($36.35) price objective on shares of Diageo plc in a report on Friday, July 28th. Sanford C. Bernstein set a GBX 2,780 ($36.09) price objective on Diageo plc and gave the company a “neutral” rating in a report on Wednesday, May 31st. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 2,000 ($25.96) price objective on shares of Diageo plc in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Diageo plc currently has a consensus rating of “Buy” and an average target price of GBX 2,521.05 ($32.73).
Shares of Diageo plc (LON:DGE) traded down 0.33% during mid-day trading on Friday, reaching GBX 2585.50. The company’s stock had a trading volume of 3,451,263 shares. The stock’s market capitalization is GBX 64.99 billion. Diageo plc has a 12 month low of GBX 1,946.00 and a 12 month high of GBX 2,604.00. The company has a 50 day moving average price of GBX 2,363.97 and a 200 day moving average price of GBX 2,307.27.
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In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18). Also, insider Alan Stewart bought 4,076 shares of the stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of GBX 2,465 ($32.00) per share, with a total value of £100,473.40 ($130,434.12). Insiders have acquired a total of 69,100 shares of company stock valued at $172,798,875 in the last ninety days.
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.
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