Diageo plc (DGE) Price Target Raised to GBX 2,800 at Jefferies Group LLC
Diageo plc (LON:DGE) had its target price lifted by Jefferies Group LLC from GBX 2,600 ($33.13) to GBX 2,800 ($35.67) in a report issued on Monday morning. The firm currently has a buy rating on the stock.
DGE has been the subject of a number of other reports. Credit Suisse Group restated an outperform rating and issued a GBX 2,430 ($30.96) price objective on shares of Diageo plc in a report on Wednesday, March 1st. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 2,500 ($31.85) target price on shares of Diageo plc in a research note on Friday, March 17th. Liberum Capital reaffirmed a sell rating and issued a GBX 2,000 ($25.48) target price on shares of Diageo plc in a research note on Wednesday, March 29th. Morgan Stanley set a GBX 2,500 ($31.85) target price on shares of Diageo plc and gave the stock a buy rating in a research note on Wednesday, February 22nd. Finally, BNP Paribas set a GBX 2,500 ($31.85) target price on shares of Diageo plc and gave the stock a buy rating in a research note on Friday, March 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 2,387.05 ($30.41).
Shares of Diageo plc (DGE) traded up 1.05% during trading on Monday, reaching GBX 2399.50. 2,029,030 shares of the company’s stock traded hands. Diageo plc has a 52-week low of GBX 1,765.00 and a 52-week high of GBX 2,413.50. The company’s 50-day moving average is GBX 2,314.57 and its 200 day moving average is GBX 2,230.18. The company’s market cap is GBX 60.25 billion.
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In related news, insider Philip G. Scott sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($29.09), for a total value of £182,640 ($232,692.06). Also, insider Kathryn Mikells sold 20,664 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.19), for a total transaction of £473,412.24 ($603,149.75).
About Diageo plc
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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