Diageo (LON:DGE) Rating Reaffirmed
In a comprehensive report issued on 16 December, Diageo (LON:DGE) shares had their Sell Rating has decided to restate by research professionals at Goldman Sachs.
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 1996.87 with a 8.68% above today’s (GBX 1832) stock price. Diageo PLC was the topic of 96 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 11 with “Outperform” rating. Natixis maintained shares with “Buy” rating and GBX 2060 target share price in a report from a December 1. Bernstein maintained DGE stock in a recent report from December 8 with “Market Perform” rating. Goldman Sachs maintained the rating on November 26. Goldman Sachs has a “Sell” rating and a GBX 1685 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a December 2.
Approximately 1.02M shares of stock traded hands. Diageo plc (LON:DGE) has risen 0.30% since May 19, 2015 and is uptrending. It has outperformed by 2.93% the S&P500.
Diageo plc is a drinks business company. The company has a market cap of 45.85 billion GBP. The Firm is a well-known provider of beverage alcohol of various brands in spirits, beer and wine. It has 19.36 P/E ratio. The Firm produces its brands from more than 200 sites in over 30 countries.