Diageo (NYSE:DEO) Price Target Cut to GBX 4,700

Diageo (NYSE:DEOGet Rating) had its price target decreased by equities researchers at Barclays from GBX 4,800 ($62.45) to GBX 4,700 ($61.15) in a research note issued to investors on Friday, The Fly reports.

Several other brokerages have also weighed in on DEO. Royal Bank of Canada increased their price objective on shares of Diageo from GBX 3,100 ($40.33) to GBX 3,200 ($41.63) in a research report on Friday, January 28th. StockNews.com raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Wednesday, April 13th. Credit Suisse Group raised their price target on shares of Diageo from GBX 4,500 ($58.55) to GBX 4,700 ($61.15) in a research report on Wednesday, April 6th. JPMorgan Chase & Co. raised shares of Diageo from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 17th. Finally, Societe Generale raised their price target on shares of Diageo from GBX 4,250 ($55.30) to GBX 4,500 ($58.55) in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Buy” and an average price target of $2,921.17.

DEO stock traded down $4.43 during trading hours on Friday, reaching $200.77. The stock had a trading volume of 12,189 shares, compared to its average volume of 391,395. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.70 and a current ratio of 1.52. The stock has a 50-day simple moving average of $198.48 and a 200 day simple moving average of $203.47. Diageo has a fifty-two week low of $175.46 and a fifty-two week high of $223.14.

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Diageo by 28.8% in the 1st quarter. Allworth Financial LP now owns 617 shares of the company’s stock valued at $126,000 after purchasing an additional 138 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Diageo in the 1st quarter valued at approximately $143,000. Hanson & Doremus Investment Management boosted its stake in shares of Diageo by 103.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 169 shares of the company’s stock valued at $34,000 after purchasing an additional 86 shares in the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of Diageo in the 1st quarter valued at approximately $209,000. Finally, Clay Northam Wealth Management LLC acquired a new stake in shares of Diageo in the 1st quarter valued at approximately $203,000. Hedge funds and other institutional investors own 9.23% of the company’s stock.

About Diageo (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, 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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