Diageo (LON:DGE) PT Lowered to GBX 3,200 at JPMorgan Chase & Co.

Diageo (LON:DGE) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from GBX 3,315 ($43.61) to GBX 3,200 ($42.09) in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.06% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein set a GBX 3,300 ($43.41) price objective on Diageo and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised Diageo to an “outperform” rating and increased their price objective for the stock from GBX 3,100 ($40.78) to GBX 3,500 ($46.04) in a report on Tuesday, December 3rd. Barclays restated an “overweight” rating on shares of Diageo in a research note on Wednesday, September 25th. Independent Research set a GBX 3,700 ($48.67) target price on Diageo and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Credit Suisse Group reiterated a “buy” rating and set a GBX 3,570 ($46.96) price target on shares of Diageo in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 3,423.33 ($45.03).

LON:DGE opened at GBX 3,046 ($40.07) on Tuesday. Diageo has a 1 year low of GBX 2,688.50 ($35.37) and a 1 year high of GBX 3,633.50 ($47.80). The stock’s fifty day moving average price is GBX 3,121.53 and its two-hundred day moving average price is GBX 3,305.06. The company has a debt-to-equity ratio of 125.00, a current ratio of 1.34 and a quick ratio of 0.52. The company has a market cap of $72.12 billion and a P/E ratio of 23.41.

In other Diageo news, insider Javier Ferrán bought 267 shares of Diageo stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of GBX 3,096 ($40.73) per share, for a total transaction of £8,266.32 ($10,873.88).

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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Analyst Recommendations for Diageo (LON:DGE)

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