Diageo (DGE) Shares Down 2.1%
Shares of Diageo plc (LON:DGE) were down 2.1% during trading on Wednesday . The stock traded as low as GBX 2,592.50 ($34.72) and last traded at GBX 2,593.50 ($34.73). Approximately 5,340,606 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 3,670,000 shares. The stock had previously closed at GBX 2,650 ($35.49).
A number of brokerages have issued reports on DGE. Jefferies Group set a GBX 3,000 ($40.18) price objective on Diageo and gave the company a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co restated a “buy” rating on shares of Diageo in a research note on Thursday, August 31st. Liberum Capital restated a “sell” rating and issued a GBX 2,000 ($26.78) target price on shares of Diageo in a research note on Wednesday, November 1st. Sanford C. Bernstein set a GBX 3,000 ($40.18) target price on Diageo and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, UBS set a GBX 2,880 ($38.57) target price on Diageo and gave the company a “buy” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Diageo has an average rating of “Buy” and a consensus target price of GBX 2,586.05 ($34.63).
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Diageo 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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