Diageo (DGE) Price Target Raised to GBX 2,900 at Morgan Stanley
Diageo (LON:DGE) had its price objective upped by Morgan Stanley from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) in a report released on Monday. Morgan Stanley currently has an overweight rating on the stock.
A number of other analysts have also commented on DGE. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 2,800 ($37.97) price target on shares of Diageo in a research note on Monday, September 11th. Credit Suisse Group lifted their price target on Diageo from GBX 2,700 ($36.62) to GBX 2,840 ($38.51) and gave the company an outperform rating in a research note on Tuesday, September 12th. Berenberg Bank lowered Diageo to a hold rating and set a GBX 2,550 ($34.58) price target on the stock. in a research note on Wednesday, September 13th. Liberum Capital reissued a sell rating and set a GBX 2,000 ($27.12) price target on shares of Diageo in a research note on Wednesday, September 20th. Finally, Shore Capital reissued a buy rating on shares of Diageo in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 2,596.95 ($35.22).
Diageo (LON:DGE) traded down GBX 7.50 ($0.10) during trading hours on Monday, reaching GBX 2,660 ($36.07). The company had a trading volume of 3,705,077 shares, compared to its average volume of 3,580,000. Diageo has a fifty-two week low of GBX 2,128.50 ($28.86) and a fifty-two week high of GBX 2,735.50 ($37.10). The firm has a market capitalization of $66,150.00 and a price-to-earnings ratio of 2,462.96.
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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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