Diageo plc (LON:DGE)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday, April 21st. They currently have a GBX 2,500 ($32.27) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 9.08% from the company’s current price.
DGE has been the topic of a number of other reports. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 2,370 ($30.59) price target on shares of Diageo plc in a research note on Tuesday, January 10th. Goldman Sachs Group Inc set a GBX 2,185 ($28.20) price target on Diageo plc and gave the stock a “neutral” rating in a research note on Friday, January 20th. Morgan Stanley set a GBX 2,500 ($32.27) price target on Diageo plc and gave the stock a “buy” rating in a research note on Thursday, April 6th. Shore Capital reaffirmed a “buy” rating on shares of Diageo plc in a research note on Monday, January 9th. Finally, Whitman Howard reiterated a “hold” rating and set a GBX 2,250 ($29.04) price objective on shares of Diageo plc in a research report on Monday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,357.40 ($30.43).
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In other news, insider Kathryn Mikells sold 20,664 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.57), for a total value of £473,412.24 ($611,091.05). Also, insider Philip G. Scott sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($29.47), for a total value of £182,640 ($235,755.78).
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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