Diageo plc (DGE.L) (LON:DGE) PT Set at GBX 3,300 by UBS Group

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Diageo plc (DGE.L) (LON:DGE) has been given a GBX 3,300 ($43.11) target price by UBS Group in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 13.07% from the company’s current price.

A number of other brokerages also recently weighed in on DGE. Sanford C. Bernstein reaffirmed a “buy” rating and issued a GBX 3,520 ($45.99) target price on shares of Diageo plc (DGE.L) in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a GBX 3,300 ($43.11) price target on shares of Diageo plc (DGE.L) in a research report on Tuesday, December 15th. Royal Bank of Canada set a GBX 2,400 ($31.36) price target on shares of Diageo plc (DGE.L) and gave the stock a “neutral” rating in a research report on Monday, September 28th. Kepler Capital Markets reiterated a “neutral” rating and set a GBX 2,900 ($37.89) price target on shares of Diageo plc (DGE.L) in a research report on Wednesday, November 11th. Finally, Bank of America reiterated a “buy” rating and set a GBX 3,600 ($47.03) price target on shares of Diageo plc (DGE.L) in a research report on Friday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Diageo plc (DGE.L) presently has a consensus rating of “Buy” and a consensus price target of GBX 3,101.05 ($40.52).

Shares of LON DGE opened at GBX 2,918.50 ($38.13) on Tuesday. Diageo plc has a 1-year low of GBX 2,050.60 ($26.79) and a 1-year high of GBX 3,297 ($43.08). The company has a market cap of £68.28 billion and a PE ratio of 48.93. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 204.61. The company has a 50-day moving average of GBX 2,947.58 and a two-hundred day moving average of GBX 2,746.72.

In other news, insider Javier Ferrán acquired 276 shares of the firm’s stock in a transaction that occurred on Thursday, December 10th. The stock was purchased at an average price of GBX 3,000 ($39.20) per share, for a total transaction of £8,280 ($10,817.87). In the last 90 days, insiders have purchased 842 shares of company stock valued at $2,480,819.

Diageo plc (DGE.L) Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Analyst Recommendations for Diageo plc (DGE.L) (LON:DGE)

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