Credit Suisse Group reaffirmed their outperform rating on shares of Diageo (LON:DGE) in a research note released on Wednesday morning. They currently have a GBX 2,840 ($38.22) target price on the stock.
Other research analysts also recently issued research reports about the stock. Shore Capital restated a buy rating on shares of Diageo in a research report on Wednesday, September 20th. Jefferies Group set a GBX 3,000 ($40.38) price target on shares of Diageo and gave the stock a buy rating in a research report on Friday, September 1st. J P Morgan Chase & Co restated a buy rating on shares of Diageo in a research report on Thursday, August 31st. UBS set a GBX 2,880 ($38.76) price target on shares of Diageo and gave the stock a buy rating in a research report on Wednesday, August 30th. Finally, Sanford C. Bernstein set a GBX 3,000 ($40.38) price objective on shares of Diageo and gave the company a buy rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Diageo has a consensus rating of Buy and an average price target of GBX 2,586.05 ($34.81).
Shares of Diageo (LON DGE) traded down GBX 7.50 ($0.10) during midday trading on Wednesday, hitting GBX 2,634.50 ($35.46). 6,135,223 shares of the stock were exchanged, compared to its average volume of 3,850,000. Diageo has a 1 year low of GBX 1,946 ($26.19) and a 1 year high of GBX 2,654.50 ($35.73).
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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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