Diageo’s (LON:DGE) Sell Rating Reiterated at Liberum Capital

Diageo (LON:DGE)‘s stock had its “sell” rating restated by Liberum Capital in a research report issued to clients and investors on Tuesday, December 19th. They presently have a GBX 2,000 ($27.12) price objective on the stock. Liberum Capital’s price objective suggests a potential downside of 24.83% from the stock’s previous close.

DGE has been the topic of several other reports. Jefferies Group set a GBX 3,000 ($40.68) price objective on Diageo and gave the stock a “buy” rating in a report on Friday, September 1st. UBS Group set a GBX 2,880 ($39.06) target price on Diageo and gave the company a “buy” rating in a research report on Wednesday, November 29th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,900 ($39.33) target price on shares of Diageo in a research report on Thursday, November 30th. Finally, Shore Capital reissued a “buy” rating on shares of Diageo in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 2,596.95 ($35.22).

Diageo (LON DGE) traded up GBX 11.50 ($0.16) during mid-day trading on Tuesday, hitting GBX 2,660.50 ($36.08). The stock had a trading volume of 3,776,656 shares, compared to its average volume of 3,580,000. Diageo has a 12-month low of GBX 2,128.50 ($28.86) and a 12-month high of GBX 2,735.50 ($37.10). The stock has a market cap of $66,150.00 and a PE ratio of 2,463.43.

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Diageo Company Profile

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.

Analyst Recommendations for Diageo (LON:DGE)

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