Goldman Sachs Group Increases Diageo (LON:DGE) Price Target to GBX 3,190

Diageo (LON:DGE) had its target price hoisted by Goldman Sachs Group from GBX 3,150 ($38.76) to GBX 3,190 ($39.26) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. Goldman Sachs Group currently has a buy rating on the stock.

DGE has been the topic of several other reports. Jefferies Financial Group reaffirmed an underperform rating on shares of Diageo in a report on Wednesday, July 1st. Sanford C. Bernstein lifted their price target on shares of Diageo from GBX 3,060 ($37.66) to GBX 3,660 ($45.04) and gave the company an outperform rating in a report on Monday, June 8th. Credit Suisse Group lowered shares of Diageo to a neutral rating and decreased their price target for the company from GBX 3,450 ($42.46) to GBX 2,900 ($35.69) in a report on Friday, June 12th. Berenberg Bank lifted their price target on shares of Diageo from GBX 2,400 ($29.53) to GBX 2,610 ($32.12) and gave the company a hold rating in a report on Thursday, July 2nd. Finally, Royal Bank of Canada lowered shares of Diageo to a sector performer rating and decreased their price target for the company from GBX 3,000 ($36.92) to GBX 2,400 ($29.53) in a report on Monday, April 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,949.41 ($36.30).

DGE stock opened at GBX 2,761.50 ($33.98) on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 151.22. Diageo has a 12 month low of GBX 2,050.60 ($25.24) and a 12 month high of GBX 3,633.50 ($44.71). The firm has a market cap of $62.88 billion and a P/E ratio of 21.14. The company’s 50-day moving average price is GBX 2,798.80 and its two-hundred day moving average price is GBX 2,858.

In other news, insider Javier Ferrán purchased 295 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of GBX 2,806 ($34.53) per share, for a total transaction of £8,277.70 ($10,186.68). Insiders bought a total of 310 shares of company stock worth $868,556 in the last 90 days.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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