Diageo plc (DGE) Rating Reiterated by J P Morgan Chase & Co

Diageo plc (LON:DGE)‘s stock had its “overweight” rating reiterated by investment analysts at J P Morgan Chase & Co in a research note issued on Wednesday. They currently have a GBX 2,800 ($36.95) price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 8.86% from the stock’s current price.

A number of other research firms also recently commented on DGE. Jefferies Group LLC set a GBX 3,000 ($39.59) price target on Diageo plc and gave the stock a “buy” rating in a research note on Friday, September 1st. Credit Suisse Group lifted their price target on Diageo plc from GBX 2,700 ($35.63) to GBX 2,840 ($37.48) and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. Berenberg Bank downgraded Diageo plc to a “hold” rating and set a GBX 2,550 ($33.65) price target for the company. in a research note on Wednesday, September 13th. Bryan, Garnier & Co lifted their price target on Diageo plc from GBX 2,210 ($29.16) to GBX 2,320 ($30.61) and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, UBS AG set a GBX 2,880 ($38.00) price target on Diageo plc and gave the stock a “buy” rating in a research note on Tuesday, October 24th. One 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. Diageo plc currently has an average rating of “Buy” and a consensus price target of GBX 2,581.50 ($34.07).

Shares of Diageo plc (DGE) opened at 2574.665 on Wednesday. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,616.50. The stock’s market capitalization is GBX 64.71 billion. The stock has a 50 day moving average price of GBX 2,520.82 and a 200 day moving average price of GBX 2,408.15.

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In other news, insider Javier Ferran bought 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of GBX 2,503 ($33.03) per share, with a total value of £1,626,950 ($2,146,938.51). In the last three months, insiders have purchased 65,024 shares of company stock worth $162,756,314.

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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