Diageo plc (LON:DGE) had its price target increased by Whitman Howard from GBX 2,250 ($29.69) to GBX 2,700 ($35.63) in a research note released on Wednesday. They currently have a hold rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group set a GBX 2,550 ($33.65) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, July 6th. UBS AG set a GBX 2,450 ($32.33) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, July 13th. Shore Capital reiterated a buy rating on shares of Diageo plc in a research note on Monday, July 10th. S&P Global set a GBX 2,700 ($35.63) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a buy rating and issued a GBX 2,800 ($36.95) price target on shares of Diageo plc in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Diageo plc presently has an average rating of Buy and a consensus target price of GBX 2,581.50 ($34.07).
Diageo plc (LON:DGE) opened at GBX 2,594 ($34.23) on Wednesday.
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In other news, insider Javier Ferran bought 65,000 shares of Diageo plc stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($33.03) per share, with a total value of £1,626,950 ($2,146,938.51). Insiders purchased a total of 65,024 shares of company stock valued at $162,756,314 over the last three months.
Diageo plc Company Profile
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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