JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Diageo (LON:DGE) in a report issued on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 2,900 ($39.33) target price on the stock.
A number of other equities research analysts also recently issued reports on DGE. Jefferies Group lowered their price objective on Diageo from GBX 3,000 ($40.68) to GBX 2,900 ($39.33) and set a buy rating on the stock in a research report on Thursday, September 28th. Shore Capital reiterated a buy rating on shares of Diageo in a research report on Wednesday, September 20th. Morgan Stanley increased their price objective on Diageo from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) and gave the stock an overweight rating in a research report on Monday, January 8th. Liberum Capital reiterated a sell rating and issued a GBX 2,000 ($27.12) price objective on shares of Diageo in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group lowered their price objective on Diageo from GBX 2,400 ($32.55) to GBX 2,385 ($32.34) and set a neutral rating on the stock in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. Diageo currently has an average rating of Buy and a consensus price target of GBX 2,596.95 ($35.22).
Diageo (LON:DGE) traded down GBX 19.50 ($0.26) during trading on Wednesday, hitting GBX 2,641 ($35.82). The stock had a trading volume of 4,454,145 shares, compared to its average volume of 3,530,000. Diageo has a 52-week low of GBX 2,128.50 ($28.86) and a 52-week high of GBX 2,735.50 ($37.10). The company has a market capitalization of $65,670.00 and a price-to-earnings ratio of 2,445.37.
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Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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