Diageo (LON:DGE – Free Report) had its target price upped by Barclays from GBX 3,550 ($44.59) to GBX 3,640 ($45.72) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has an overweight rating on the stock.
Several other analysts have also issued reports on DGE. JPMorgan Chase & Co. reiterated a neutral rating on shares of Diageo in a research note on Monday, February 26th. Jefferies Financial Group reiterated a hold rating and issued a GBX 2,900 ($36.43) target price on shares of Diageo in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a sell rating on shares of Diageo in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of GBX 3,058 ($38.41).
Check Out Our Latest Research Report on DGE
Diageo Stock Performance
Insider Buying and Selling
In related news, insider Javier Ferrán purchased 290 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). In other Diageo news, insider Karen Blackett acquired 702 shares of the company’s stock in a transaction on Monday, April 8th. The shares were acquired at an average cost of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Also, insider Javier Ferrán acquired 290 shares of the company’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). In the last ninety days, insiders have purchased 1,002 shares of company stock valued at $2,839,892. 0.13% of the stock is owned by insiders.
Diageo Company Profile
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.
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