Sanford C. Bernstein set a GBX 2,980 ($38.94) price objective on Diageo (LON:DGE) in a research note published on Friday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other research firms have also weighed in on DGE. Barclays reissued a sell rating and set a $5.00 target price on shares of Deutsche Bank in a research report on Wednesday, July 17th. Citigroup boosted their target price on shares of Cyberark Software from $111.00 to $130.00 and gave the stock an outperform rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the stock a neutral rating in a research report on Wednesday, July 10th. Berenberg Bank reissued a buy rating and set a GBX 250 ($3.27) target price on shares of in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada reissued a hold rating and set a $0.35 target price on shares of DB Commodity Double Short ETN in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Diageo currently has an average rating of Hold and a consensus target price of GBX 3,243.82 ($42.39).
Diageo stock opened at GBX 3,380 ($44.17) on Friday. The firm has a market cap of $80.17 billion and a price-to-earnings ratio of 28.33. The company has a debt-to-equity ratio of 109.30, a quick ratio of 0.72 and a current ratio of 1.48. Diageo has a fifty-two week low of GBX 2,513 ($32.84) and a fifty-two week high of GBX 3,500.50 ($45.74). The stock’s fifty day moving average price is GBX 3,402.99.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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