Diageo (LON:DGE – Get Rating) was upgraded by Investec to a “buy” rating in a research note issued on Tuesday, LSE.Co.UK reports. The brokerage currently has a GBX 3,900 ($48.17) target price on the stock. Investec’s target price suggests a potential upside of 12.51% from the stock’s current price.
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Several other research firms have also recently weighed in on DGE. Deutsche Bank Aktiengesellschaft set a GBX 2,650 ($32.73) price objective on shares of Diageo in a research report on Friday. Jefferies Financial Group set a GBX 4,300 ($53.11) price objective on shares of Diageo in a research report on Monday, December 26th. Sanford C. Bernstein set a GBX 4,030 ($49.77) target price on Diageo in a research note on Friday. The Goldman Sachs Group set a GBX 4,700 ($58.05) target price on Diageo in a research note on Thursday, January 26th. Finally, JPMorgan Chase & Co. set a GBX 4,500 ($55.58) target price on Diageo in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus price target of GBX 4,042.67 ($49.93).
Diageo Trading Up 1.6 %
Shares of Diageo stock opened at GBX 3,466.50 ($42.81) on Tuesday. The firm has a 50-day moving average of GBX 3,696.60 and a 200-day moving average of GBX 3,726.94. The stock has a market cap of £78.66 billion and a PE ratio of 2,476.07. Diageo has a 52-week low of GBX 3,282.50 ($40.54) and a 52-week high of GBX 4,067 ($50.23). The company has a debt-to-equity ratio of 176.36, a quick ratio of 0.62 and a current ratio of 1.53.
Insider Activity
In other news, insider Javier Ferrán acquired 228 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average price of GBX 3,629 ($44.82) per share, with a total value of £8,274.12 ($10,218.75). Insiders acquired a total of 679 shares of company stock valued at $2,485,340 in the last ninety days.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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