Diageo (DGE) Rating Reiterated by Liberum Capital
Diageo (LON:DGE)‘s stock had its “sell” rating reissued by analysts at Liberum Capital in a research note issued on Tuesday. They currently have a GBX 2,000 ($26.78) price objective on the stock. Liberum Capital’s price objective points to a potential downside of 22.88% from the company’s current price.
Several other research analysts have also weighed in on DGE. J P Morgan Chase & Co lifted their price objective on Diageo from GBX 2,500 ($33.48) to GBX 2,800 ($37.50) and gave the stock an “overweight” rating in a research report on Monday, July 31st. Goldman Sachs Group set a GBX 2,400 ($32.14) price objective on Diageo and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Citigroup set a GBX 2,500 ($33.48) price objective on Diageo and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Morgan Stanley reissued an “overweight” rating and issued a GBX 2,700 ($36.16) price objective on shares of Diageo in a research report on Wednesday, August 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,700 ($36.16) price objective on shares of Diageo in a research report on Wednesday, August 9th. One equities research 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. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,586.05 ($34.63).
Diageo (LON:DGE) opened at GBX 2,593.50 ($34.73) on Tuesday. Diageo has a 12-month low of GBX 1,946 ($26.06) and a 12-month high of GBX 2,654.50 ($35.55).
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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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