Analysts at Bernstein Didn’t Change their Past ‘Market Perform’ rating on Shares Diageo (LON:DGE), Set a GBX 2050 Price Target


Diageo (LON:DGE) Rating Reaffirmed

Recently, In a comprehensive report published on Tuesday, 8 December, Diageo (LON:DGE) shares have had their Market Perform Rating has decided to reaffirm by investment analysts at Bernstein, who currently has a GBX 2050 price target on firm. This target by Bernstein would suggest the possibile upside of 8.01% from the price per share.

From a total of 23 analysts covering Diageo PLC (LON:DGE) stock, 14 rate it a ”Buy”, 4 a “Sell”, and 9 a ”Hold”. This means that 52% of the ratings are positive. The highest target price is GBX 2350 while the lowest target price is GBX 1600. The mean of all analyst targets is GBX 2000.35 with a 5.12% above today’s (GBX 1894) stock price. Diageo PLC was the topic of 93 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Bryan Garnier & Cie maintained shares on December 3 with “Neutral” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 2100 target share price in a report from a November 24. Natixis maintained DGE stock in a recent report from December 1 with “Buy” rating. J.P. Morgan upgraded the rating on November 20. J.P. Morgan has a “Overweight” rating and a GBX 2140 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a November 25.

Approximately 529,940 shares of stock traded hands. Diageo plc (LON:DGE) has risen 6.50% since May 11, 2015 and is uptrending. It has outperformed by 7.09% the S&P500.

Analysts at Bernstein Didn't Change their Past ‘Market Perform’ rating on Shares Diageo (LON:DGE), Set a GBX 2050 Price Target

Diageo plc is a drinks business company. The company has a market cap of 47.35 billion GBP. The Firm is a well-known provider of beverage alcohol of various brands in spirits, beer and wine. It has 20.02 P/E ratio. The Firm produces its brands from more than 200 sites in over 30 countries.