Diageo plc (DGE) Rating Reiterated by J P Morgan Chase & Co
Diageo plc (LON:DGE)‘s stock had its “overweight” rating reiterated by stock analysts at J P Morgan Chase & Co in a report issued on Monday. They presently have a GBX 2,900 ($38.14) price objective on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 12.06% from the stock’s current price.
DGE has been the subject of a number of other reports. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 2,400 ($31.57) price objective on shares of Diageo plc in a report on Thursday, July 27th. Sanford C. Bernstein set a GBX 3,000 ($39.46) price objective on Diageo plc and gave the stock a “buy” rating in a report on Monday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,600 ($34.20) target price on shares of Diageo plc in a research note on Thursday, August 10th. Jefferies Group LLC lowered their target price on Diageo plc from GBX 3,000 ($39.46) to GBX 2,900 ($38.14) and set a “buy” rating for the company in a research note on Thursday, September 28th. Finally, Whitman Howard boosted their target price on Diageo plc from GBX 2,250 ($29.59) to GBX 2,700 ($35.51) and gave the company a “hold” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 2,586.05 ($34.01).
Diageo plc (LON:DGE) opened at GBX 2,587.84 ($34.04) on Monday. Diageo plc has a fifty-two week low of GBX 1,946 ($25.60) and a fifty-two week high of GBX 2,616.50 ($34.41).
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Diageo plc 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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