Diageo (LON:DGE) PT Lowered to GBX 3,550

Diageo (LON:DGEGet Free Report) had its target price cut by stock analysts at Barclays from GBX 3,730 ($47.42) to GBX 3,550 ($45.13) in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 22.20% from the company’s previous close.

Several other research firms have also weighed in on DGE. Citigroup lowered their price objective on shares of Diageo from GBX 3,600 ($45.77) to GBX 3,050 ($38.77) and set a “neutral” rating for the company in a research note on Monday, November 13th. Royal Bank of Canada lowered their price objective on Diageo from GBX 2,700 ($34.32) to GBX 2,500 ($31.78) and set an “underperform” rating on the stock in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of GBX 3,435.71 ($43.68).

Read Our Latest Stock Report on DGE

Diageo Stock Performance

LON:DGE opened at GBX 2,905 ($36.93) on Wednesday. The company has a fifty day moving average of GBX 2,804.17 and a 200-day moving average of GBX 3,043.93. The firm has a market capitalization of £64.78 billion, a P/E ratio of 1,760.61, a P/E/G ratio of 2.43 and a beta of 0.33. The company has a quick ratio of 0.62, a current ratio of 1.63 and a debt-to-equity ratio of 186.47. Diageo has a twelve month low of GBX 2,676 ($34.02) and a twelve month high of GBX 3,779.50 ($48.05).

Insider Buying and Selling

In other news, insider Javier Ferrán acquired 289 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of GBX 2,860 ($36.36) per share, for a total transaction of £8,265.40 ($10,507.75). Insiders acquired 305 shares of company stock valued at $872,152 over the last quarter. 0.16% of the stock is owned by company insiders.

Diageo Company Profile

(Get Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

Recommended Stories

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.