Diageo (LON:DGE) had its target price upped by research analysts at Morgan Stanley from GBX 2,800 ($37.97) to GBX 2,900 ($39.33) in a note issued to investors on Monday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 8.82% from the stock’s previous close.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,800 ($37.97) price objective on shares of Diageo in a report on Wednesday, September 20th. Shore Capital restated a “buy” rating on shares of Diageo in a report on Wednesday, September 20th. Sanford C. Bernstein set a GBX 3,000 ($40.68) target price on shares of Diageo and gave the company a “buy” rating in a report on Monday, October 16th. Liberum Capital reiterated a “sell” rating and set a GBX 2,000 ($27.12) target price on shares of Diageo in a report on Wednesday, September 20th. Finally, Berenberg Bank lowered shares of Diageo to a “hold” rating and set a GBX 2,550 ($34.58) target price for the company. in a report on Wednesday, September 13th. One investment 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,596.95 ($35.22).
Shares of Diageo (LON:DGE) opened at GBX 2,665 ($36.14) on Monday. Diageo has a 1-year low of GBX 2,128.50 ($28.86) and a 1-year high of GBX 2,735.50 ($37.10). The company has a market cap of $66,330.00 and a PE ratio of 2,467.59.
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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