Liberum Capital reissued their sell rating on shares of Diageo plc (LON:DGE) in a research report sent to investors on Wednesday morning. Liberum Capital currently has a GBX 2,000 ($26.39) price objective on the stock.
Other analysts have also issued research reports about the stock. Morgan Stanley reiterated an overweight rating and issued a GBX 2,500 ($32.99) target price on shares of Diageo plc in a research report on Tuesday, July 18th. Kepler Capital Markets reiterated a hold rating and issued a GBX 2,400 ($31.67) target price on shares of Diageo plc in a research report on Thursday, July 27th. Credit Suisse Group boosted their price target on shares of Diageo plc from GBX 2,550 ($33.65) to GBX 2,700 ($35.63) and gave the stock an outperform rating in a research report on Friday, July 28th. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,800 ($36.95) price target on shares of Diageo plc in a research report on Wednesday, September 20th. Finally, Shore Capital restated a buy rating on shares of Diageo plc in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 2,581.50 ($34.07).
Shares of Diageo plc (DGE) opened at GBX 2,594 ($34.23) on Wednesday.
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In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($33.03) per share, with a total value of £1,626,950 ($2,146,938.51). Over the last ninety days, insiders have purchased 65,024 shares of company stock worth $162,756,314.
About Diageo plc
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.
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