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

The Goldman Sachs Group set a GBX 4,700 ($57.35) target price on Diageo (LON:DGEGet Rating) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft set a GBX 2,750 ($33.56) price objective on shares of Diageo in a research report on Thursday, January 12th. Sanford C. Bernstein set a GBX 3,950 ($48.20) price objective on shares of Diageo in a research report on Monday, December 19th. Credit Suisse Group set a GBX 4,500 ($54.91) price objective on shares of Diageo in a research report on Wednesday, January 4th. Jefferies Financial Group set a GBX 4,300 ($52.47) price objective on shares of Diageo in a research report on Monday, December 26th. Finally, JPMorgan Chase & Co. set a GBX 4,500 ($54.91) target price on shares of Diageo in a research note on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Diageo currently has a consensus rating of Hold and an average target price of GBX 4,088 ($49.88).

Diageo Stock Performance

Diageo stock opened at GBX 3,766.50 ($45.96) on Tuesday. The company has a debt-to-equity ratio of 176.36, a current ratio of 1.53 and a quick ratio of 0.62. Diageo has a 1-year low of GBX 3,282.50 ($40.05) and a 1-year high of GBX 4,067 ($49.63). The firm has a market capitalization of £85.46 billion and a P/E ratio of 2,690.36. The company’s 50-day moving average is GBX 3,700.79 and its 200 day moving average is GBX 3,723.09.

Insider Activity

In other Diageo news, insider Javier Ferrán acquired 222 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were purchased at an average cost of GBX 3,734 ($45.56) per share, for a total transaction of £8,289.48 ($10,115.29). Over the last ninety days, insiders have acquired 679 shares of company stock worth $2,485,340.

Diageo Company Profile

(Get Rating)

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