Diageo (LON:DGE) Given a GBX 4,700 Price Target at The Goldman Sachs Group

Diageo (LON:DGEGet Rating) has been assigned a GBX 4,700 ($57.05) target price by The Goldman Sachs Group in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The Goldman Sachs Group’s price target would suggest a potential upside of 34.42% from the stock’s previous close.

Several other research firms have also commented on DGE. Morgan Stanley reaffirmed an “overweight” rating on shares of Diageo in a report on Wednesday, May 11th. Deutsche Bank Rese… set a GBX 3,900 ($47.34) target price on Diageo in a report on Wednesday, April 27th. Barclays set a GBX 5,040 ($61.17) target price on Diageo in a report on Friday. Jefferies Financial Group set a GBX 4,000 ($48.55) price objective on Diageo in a report on Friday. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 2,800 ($33.98) price objective on shares of Diageo in a report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and a consensus target price of GBX 4,072.94 ($49.43).

Shares of LON:DGE traded up GBX 66.50 ($0.81) during trading on Friday, hitting GBX 3,496.50 ($42.44). 10,180,075 shares of the company traded hands, compared to its average volume of 3,915,626. The stock has a market capitalization of £79.96 billion and a price-to-earnings ratio of 26.90. The business’s fifty day moving average is GBX 3,773.91 and its 200-day moving average is GBX 3,782.42. Diageo has a one year low of GBX 3,282.50 ($39.84) and a one year high of GBX 4,110 ($49.88). The company has a quick ratio of 0.69, a current ratio of 1.52 and a debt-to-equity ratio of 152.58.

In related news, insider Javier Ferrán acquired 206 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was bought at an average price of GBX 4,007 ($48.63) per share, for a total transaction of £8,254.42 ($10,018.72). Insiders have bought a total of 662 shares of company stock valued at $2,479,638 in the last quarter.

Diageo Company Profile (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.

Read More

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.