Diageo (LON:DGE)‘s stock had its “sell” rating reaffirmed by stock analysts at Liberum Capital in a report released on Friday. They presently have a GBX 2,000 ($26.92) target price on the stock. Liberum Capital’s price target suggests a potential downside of 24.11% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,800 ($37.69) target price on shares of Diageo in a research note on Wednesday, September 20th. Shore Capital reiterated a “buy” rating on shares of Diageo in a research note on Wednesday, September 20th. Berenberg Bank cut Diageo to a “hold” rating and set a GBX 2,550 ($34.32) target price on the stock. in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,600 ($34.99) target price on shares of Diageo in a research note on Thursday, August 10th. Finally, Sanford C. Bernstein set a GBX 3,000 ($40.38) target price on Diageo and gave the company a “buy” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Diageo presently has a consensus rating of “Buy” and an average target price of GBX 2,586.05 ($34.81).
Shares of Diageo (LON:DGE) opened at GBX 2,635.50 ($35.47) on Friday. Diageo has a one year low of GBX 2,000 ($26.92) and a one year high of GBX 2,677.50 ($36.04).
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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