Diageo plc’s (LON:DGE) “Outperform” Rating Reiterated at Credit Suisse Group

Diageo plc (LON:DGE)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a report released on Wednesday, August 9th. They currently have a GBX 2,700 ($35.05) price objective on the stock. Credit Suisse Group’s price target suggests a potential upside of 5.90% from the company’s current price.

Other equities research analysts also recently issued reports about the company. UBS AG set a GBX 2,450 ($31.81) price target on Diageo plc and gave the stock a “buy” rating in a report on Wednesday, April 19th. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,600 ($33.75) price target on shares of Diageo plc in a report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,500 ($32.45) price target on shares of Diageo plc in a report on Wednesday, April 26th. Citigroup Inc. restated a “buy” rating on shares of Diageo plc in a report on Wednesday, May 10th. Finally, Shore Capital restated a “buy” rating on shares of Diageo plc in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 2,521.05 ($32.73).

Diageo plc (LON DGE) opened at 2549.50 on Wednesday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,604.00. The firm’s 50-day moving average price is GBX 2,377.28 and its 200 day moving average price is GBX 2,310.89. The stock’s market cap is GBX 64.08 billion.

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In other news, insider Alan Stewart purchased 4,076 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average cost of GBX 2,465 ($32.00) per share, with a total value of £100,473.40 ($130,434.12). Also, insider Javier Ferran purchased 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18). Over the last ninety days, insiders bought 69,100 shares of company stock valued at $172,798,875.

Diageo plc Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

Analyst Recommendations for Diageo plc (LON:DGE)

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