Credit Suisse Group Boosts Diageo (NYSE:DEO) Price Target to GBX 4,550

Diageo (NYSE:DEOGet Rating) had its target price hoisted by stock analysts at Credit Suisse Group from GBX 4,400 ($53.01) to GBX 4,550 ($54.82) in a note issued to investors on Friday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their price target on Diageo from GBX 4,500 ($54.22) to GBX 4,100 ($49.40) in a research note on Tuesday, June 28th. StockNews.com lowered Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Kepler Capital Markets lowered Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Barclays dropped their price target on Diageo from GBX 4,800 ($57.83) to GBX 4,700 ($56.63) in a research note on Friday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Diageo from GBX 3,230 ($38.92) to GBX 3,300 ($39.76) in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4,146.67.

Diageo Stock Up 0.5 %

Shares of Diageo stock opened at $191.40 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.70 and a debt-to-equity ratio of 1.40. The company has a 50-day simple moving average of $178.37 and a two-hundred day simple moving average of $191.47. Diageo has a one year low of $166.24 and a one year high of $223.14.

Institutional Investors Weigh In On Diageo

A number of large investors have recently bought and sold shares of DEO. BNP Paribas Arbitrage SA boosted its position in Diageo by 1,416,332.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,671,390 shares of the company’s stock valued at $339,526,000 after buying an additional 1,671,272 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in Diageo by 19,795.6% in the first quarter. Aaron Wealth Advisors LLC now owns 415,421 shares of the company’s stock valued at $2,045,000 after buying an additional 413,333 shares during the last quarter. AKO Capital LLP boosted its position in Diageo by 21.4% in the fourth quarter. AKO Capital LLP now owns 1,738,289 shares of the company’s stock valued at $382,667,000 after buying an additional 306,394 shares during the last quarter. Gluskin Sheff & Assoc Inc. purchased a new stake in Diageo in the fourth quarter valued at approximately $13,286,000. Finally, Tobias Financial Advisors Inc. purchased a new stake in Diageo in the fourth quarter valued at approximately $46,401,000. Hedge funds and other institutional investors own 9.23% of the company’s stock.

About Diageo

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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 (NYSE:DEO)

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