Diageo (LON:DGE – Get Free Report) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 3,500 ($44.50) to GBX 3,200 ($40.68) in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.15% from the stock’s previous close.
A number of other analysts have also weighed in on DGE. Royal Bank of Canada lowered their price target on shares of Diageo from GBX 2,700 ($34.32) to GBX 2,500 ($31.78) and set an “underperform” rating for the company in a report on Monday, December 4th. Citigroup reduced their price objective on shares of Diageo from GBX 3,600 ($45.77) to GBX 3,050 ($38.77) and set a “neutral” rating on the stock in a research note on Monday, November 13th. Finally, Barclays reduced their price objective on shares of Diageo from GBX 3,730 ($47.42) to GBX 3,550 ($45.13) and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,435.71 ($43.68).
View Our Latest Research Report on Diageo
Diageo Stock Performance
LON DGE opened at GBX 2,905 ($36.93) on Wednesday. The firm has a market cap of £64.78 billion, a price-to-earnings ratio of 1,760.61, a PEG ratio of 2.43 and a beta of 0.33. The company has a 50 day moving average of GBX 2,804.17 and a 200-day moving average of GBX 3,043.93. The company has a current ratio of 1.63, a quick ratio of 0.62 and a debt-to-equity ratio of 186.47. Diageo has a 1-year low of GBX 2,676 ($34.02) and a 1-year high of GBX 3,779.50 ($48.05).
Insider Buying and Selling at Diageo
In related news, insider Javier Ferrán bought 289 shares of Diageo stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of GBX 2,860 ($36.36) per share, with a total value of £8,265.40 ($10,507.75). In the last three months, insiders have acquired 305 shares of company stock worth $872,152. Insiders own 0.16% of the company’s stock.
Diageo Company Profile
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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ABMN Staff
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