Diageo (LON:DGE) Price Target Raised to GBX 5,040

Diageo (LON:DGEGet Rating) had its price target lifted by equities researchers at Barclays from GBX 3,430 ($41.63) to GBX 5,040 ($61.17) in a research note issued on Friday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 43.65% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Rese… set a GBX 3,900 ($47.34) price target on Diageo in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,900 ($47.34) price target on shares of Diageo in a report on Tuesday, May 10th. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a report on Wednesday, May 11th. Bank of America set a GBX 4,600 ($55.83) price target on Diageo in a report on Friday, April 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Diageo in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of GBX 4,072.94 ($49.43).

DGE stock opened at GBX 3,508.50 ($42.58) on Friday. The stock has a market capitalization of £80.24 billion and a PE ratio of 26.99. Diageo has a 12-month low of GBX 3,282.50 ($39.84) and a 12-month high of GBX 4,110 ($49.88). The company has a current ratio of 1.52, a quick ratio of 0.69 and a debt-to-equity ratio of 152.58. The stock’s 50 day simple moving average is GBX 3,763.45 and its 200 day simple moving average is GBX 3,779.47.

In other Diageo news, insider Javier Ferrán purchased 206 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was purchased at an average price of GBX 4,007 ($48.63) per share, with a total value of £8,254.42 ($10,018.72). In the last ninety days, insiders purchased 662 shares of company stock valued at $2,479,638.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, 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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