Credit Suisse Group Analysts Give Diageo (LON:DGE) a GBX 4,400 Price Target

Diageo (LON:DGEGet Rating) has been given a GBX 4,400 ($53.40) price objective by research analysts at Credit Suisse Group in a research report issued on Friday, Borsen Zeitung reports. Credit Suisse Group’s price objective would suggest a potential upside of 24.82% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Rese… set a GBX 3,900 ($47.34) price objective on Diageo in a report on Wednesday, April 27th. Jefferies Financial Group set a GBX 4,000 ($48.55) price target on Diageo in a research note on Friday. Sanford C. Bernstein set a GBX 3,850 ($46.73) price target on Diageo in a research note on Friday, May 27th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Diageo in a research note on Wednesday, May 18th. Finally, The Goldman Sachs Group set a GBX 4,700 ($57.05) price target on Diageo in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 4,072.94 ($49.43).

LON:DGE opened at GBX 3,525 ($42.78) on Friday. The company has a debt-to-equity ratio of 152.58, a quick ratio of 0.69 and a current ratio of 1.52. The company has a market cap of £80.62 billion and a PE ratio of 27.16. Diageo has a 52-week low of GBX 3,282.50 ($39.84) and a 52-week high of GBX 4,110 ($49.88). The stock has a 50-day simple moving average of GBX 3,773.91 and a 200 day simple moving average of GBX 3,782.42.

In other Diageo news, insider Javier Ferrán acquired 235 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was bought at an average cost of GBX 3,521 ($42.74) per share, with a total value of £8,274.35 ($10,042.91). Over the last ninety days, insiders bought 662 shares of company stock valued at $2,479,638.

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.

Further Reading

Analyst Recommendations for Diageo (LON:DGE)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.