Credit Suisse Group Reiterates GBX 3,800 Price Target for Diageo (LON:DGE)

Credit Suisse Group set a GBX 3,800 ($49.65) price objective on Diageo (LON:DGE) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on DGE. Jefferies Financial Group restated a buy rating and issued a GBX 1,453 ($18.99) price objective on shares of in a report on Tuesday, June 18th. Royal Bank of Canada restated a hold rating and issued a $0.35 price objective on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the company a neutral rating in a report on Wednesday, July 10th. Investec upgraded shares of Standard Chartered from a hold rating to a buy rating in a report on Monday, March 25th. Finally, Citigroup increased their price objective on shares of Cyberark Software from $111.00 to $130.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Diageo currently has a consensus rating of Hold and an average price target of GBX 3,243.82 ($42.39).

Shares of LON DGE opened at GBX 3,380 ($44.17) on Friday. The firm has a 50 day simple moving average of GBX 3,402.99. Diageo has a fifty-two week low of GBX 2,513 ($32.84) and a fifty-two week high of GBX 3,500.50 ($45.74). The firm has a market capitalization of $80.17 billion and a price-to-earnings ratio of 28.33. The company has a debt-to-equity ratio of 109.30, a current ratio of 1.48 and a quick ratio of 0.72.

About Diageo

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.

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