Diageo plc (DGE) Given “Hold” Rating at Whitman Howard
Diageo plc (LON:DGE)‘s stock had its “hold” rating reaffirmed by stock analysts at Whitman Howard in a research note issued on Thursday. They currently have a GBX 2,250 ($29.38) price target on the stock. Whitman Howard’s target price points to a potential downside of 1.73% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 2,600 ($33.95) price objective on shares of Diageo plc in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,500 ($32.65) price objective on shares of Diageo plc in a research note on Wednesday, April 26th. Shore Capital reaffirmed a “buy” rating on shares of Diageo plc in a research note on Tuesday, May 9th. Morgan Stanley set a GBX 2,500 ($32.65) price objective on Diageo plc and gave the stock a “buy” rating in a research note on Thursday, April 6th. Finally, UBS AG set a GBX 2,450 ($31.99) price objective on Diageo plc and gave the stock a “buy” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 2,436.27 ($31.81).
Diageo plc (LON:DGE) opened at 2290.00 on Thursday. The firm’s 50-day moving average price is GBX 2,311.92 and its 200-day moving average price is GBX 2,268.86. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,413.50. The stock’s market cap is GBX 57.50 billion.
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In other news, insider Philip G. Scott sold 8,000 shares of Diageo plc stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of GBX 2,283 ($29.81), for a total value of £182,640 ($238,495.69). Also, insider Kathryn Mikells sold 20,664 shares of Diageo plc stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.92), for a total value of £473,412.24 ($618,193.05). In the last quarter, insiders bought 24 shares of company stock valued at $54,967.
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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