Diageo plc (DGE) Price Target Cut to GBX 2,385 by Analysts at Goldman Sachs Group, Inc. (The)

Diageo plc (LON:DGE) had its target price cut by investment analysts at Goldman Sachs Group, Inc. (The) from GBX 2,400 ($32.36) to GBX 2,385 ($32.16) in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential downside of 1.71% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. S&P Global set a GBX 2,600 ($35.05) price objective on shares of Diageo plc and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Shore Capital restated a “buy” rating on shares of Diageo plc in a research report on Thursday, June 22nd. Morgan Stanley set a GBX 2,500 ($33.71) price objective on shares of Diageo plc and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a GBX 2,600 ($35.05) price objective on shares of Diageo plc in a research report on Thursday, June 8th. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 2,600 ($35.05) price objective on shares of Diageo plc in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,560.36 ($34.52).

Diageo plc (LON:DGE) opened at 2426.50 on Thursday. The company’s market capitalization is GBX 60.99 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,616.00. The company’s 50-day moving average is GBX 2,538.31 and its 200 day moving average is GBX 2,359.93.

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In other news, insider Alan Stewart purchased 4,076 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average price of GBX 2,465 ($33.23) per share, for a total transaction of £100,473.40 ($135,463.66). Also, insider Javier Ferran purchased 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($33.75) per share, with a total value of £1,626,950 ($2,193,541.86). Insiders purchased 69,099 shares of company stock valued at $172,798,894 in the last quarter.

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.

Analyst Recommendations for Diageo plc (LON:DGE)

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