Kepler Capital Markets Reiterates “Buy” Rating for Diageo (DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by equities research analysts at Kepler Capital Markets in a research note issued on Tuesday.

Several other brokerages also recently weighed in on DGE. Jefferies Financial Group upped their target price on shares of Diageo from GBX 2,900 ($37.89) to GBX 3,200 ($41.81) and gave the stock a “buy” rating in a report on Monday, August 6th. Royal Bank of Canada set a GBX 2,300 ($30.05) price target on shares of Diageo and gave the stock a “neutral” rating in a research note on Friday, August 10th. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a research note on Thursday, November 15th. Liberum Capital restated a “sell” rating on shares of Diageo in a research report on Wednesday, October 3rd. Finally, Shore Capital restated a “buy” rating on shares of Diageo in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,857.37 ($37.34).

Diageo stock traded up GBX 24 ($0.31) during mid-day trading on Tuesday, hitting GBX 2,848 ($37.21). The stock had a trading volume of 4,180,289 shares, compared to its average volume of 4,520,000. Diageo has a one year low of GBX 2,186.50 ($28.57) and a one year high of GBX 2,735.50 ($35.74).

In other news, insider Javier Ferrán acquired 30,000 shares of the company’s stock in a transaction dated Friday, October 12th. The shares were bought at an average price of GBX 2,525 ($32.99) per share, for a total transaction of £757,500 ($989,807.92). Also, insider Kathryn Mikells sold 20,670 shares of Diageo stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of GBX 2,735 ($35.74), for a total transaction of £565,324.50 ($738,696.59). Insiders purchased 30,017 shares of company stock worth $75,795,655 in the last 90 days.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: Growth Stocks

Analyst Recommendations for Diageo (LON:DGE)

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