Diageo (LON:DGE) Given a GBX 4,150 Price Target at Sanford C. Bernstein

Diageo (LON:DGEGet Rating) has been assigned a GBX 4,150 ($51.16) price objective by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, Borsen Zeitung reports. Sanford C. Bernstein’s price target points to a potential upside of 15.04% from the company’s previous close.

DGE has been the topic of a number of other research reports. Royal Bank of Canada reissued an “underperform” rating and set a GBX 2,800 ($34.52) price target on shares of Diageo in a report on Wednesday, May 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Diageo in a report on Wednesday. Berenberg Bank reissued a “hold” rating and set a GBX 3,900 ($48.08) price target on shares of Diageo in a report on Friday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,900 ($48.08) price target on shares of Diageo in a report on Tuesday, May 10th. Finally, Bank of America set a GBX 4,600 ($56.71) price target on Diageo in a report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 4,108.82 ($50.65).

Shares of DGE stock traded up GBX 37.50 ($0.46) during mid-day trading on Friday, hitting GBX 3,607.50 ($44.47). 3,695,456 shares of the stock were exchanged, compared to its average volume of 3,894,535. The stock’s fifty day simple moving average is GBX 3,847.22 and its two-hundred day simple moving average is GBX 3,810.92. The stock has a market capitalization of £83.19 billion and a price-to-earnings ratio of 27.75. Diageo has a 12-month low of GBX 3,282.50 ($40.46) and a 12-month high of GBX 4,110 ($50.67). The company has a debt-to-equity ratio of 152.58, a quick ratio of 0.69 and a current ratio of 1.52.

In related news, insider Javier Ferrán acquired 206 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was purchased at an average cost of GBX 4,007 ($49.40) per share, for a total transaction of £8,254.42 ($10,175.57). Insiders have purchased a total of 664 shares of company stock valued at $2,479,333 over the last 90 days.

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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Analyst Recommendations for Diageo (LON:DGE)

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