Diageo (LON:DGE) PT Set at GBX 3,450 by Credit Suisse Group


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Diageo (LON:DGE) received a GBX 3,450 ($45.07) price target from equities research analysts at Credit Suisse Group in a research note issued to investors on Monday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 9.10% from the stock’s current price.

Other analysts also recently issued reports about the stock. Barclays set a GBX 3,570 ($46.64) price objective on shares of Diageo and gave the company a “buy” rating in a report on Thursday, January 28th. Jefferies Financial Group set a GBX 3,600 ($47.03) price objective on shares of Diageo and gave the company a “buy” rating in a report on Thursday, March 25th. JPMorgan Chase & Co. set a GBX 2,700 ($35.28) price objective on shares of Diageo and gave the company a “sell” rating in a report on Tuesday, April 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 4,000 ($52.26) price objective on shares of Diageo in a report on Friday, January 29th. Finally, Bank of America restated a “buy” rating and set a GBX 3,600 ($47.03) target price on shares of Diageo in a report on Friday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 3,288.24 ($42.96).

Shares of DGE opened at GBX 3,162.32 ($41.32) on Monday. The company has a debt-to-equity ratio of 187.24, a quick ratio of 0.91 and a current ratio of 1.77. Diageo has a twelve month low of GBX 2,253 ($29.44) and a twelve month high of GBX 3,200 ($41.81). The firm’s 50 day moving average price is GBX 2,979.23 and its two-hundred day moving average price is GBX 2,877.82. The firm has a market cap of £74.00 billion and a P/E ratio of 65.93.

In other Diageo news, insider Javier Ferrán bought 278 shares of Diageo stock in a transaction dated Wednesday, February 10th. The stock was bought at an average price of GBX 2,980 ($38.93) per share, with a total value of £8,284.40 ($10,823.62).

About Diageo

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 (LON:DGE)

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