Sanford C. Bernstein Analysts Give Diageo (LON:DGE) a GBX 2,980 Price Target

Sanford C. Bernstein set a GBX 2,980 ($38.94) price target on Diageo (LON:DGE) in a research report released on Friday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other analysts have also recently weighed in on DGE. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on Diageo and gave the stock a neutral rating in a research report on Wednesday, July 10th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,453 ($18.99) price objective on shares of in a research report on Tuesday, June 18th. Berenberg Bank reaffirmed a buy rating and set a GBX 250 ($3.27) price objective on shares of in a research report on Tuesday, June 18th. Kepler Capital Markets reaffirmed a hold rating on shares of HEIDELBERGCEMEN/ADR in a research report on Tuesday, July 9th. Finally, Barclays reaffirmed a sell rating and set a $5.00 price objective on shares of Deutsche Bank in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 3,243.82 ($42.39).

Diageo stock opened at GBX 3,387 ($44.26) on Friday. Diageo has a twelve month low of GBX 2,513 ($32.84) and a twelve month high of GBX 3,500.50 ($45.74). The stock’s 50 day moving average is GBX 3,399.44. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 109.30. The firm has a market cap of $80.34 billion and a PE ratio of 28.39.

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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