Sanford C. Bernstein set a GBX 2,980 ($38.94) price objective on Diageo (LON:DGE) in a report issued on Friday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other equities analysts have also issued reports on the company. Jefferies Financial Group reissued a buy rating and set a GBX 1,453 ($18.99) target price on shares of in a research note on Tuesday, June 18th. Credit Suisse Group reissued an outperform rating and set a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Citigroup increased their target price on Cyberark Software from $111.00 to $130.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on Diageo and gave the stock a neutral rating in a research note on Wednesday, July 10th. Finally, Investec raised Standard Chartered from a hold rating to a buy rating in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 3,243.82 ($42.39).
Shares of Diageo stock opened at GBX 3,387 ($44.26) on Friday. The company has a fifty day simple moving average of GBX 3,399.44. Diageo has a 52 week low of GBX 2,513 ($32.84) and a 52 week high of GBX 3,500.50 ($45.74). The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30. The firm has a market cap of $80.34 billion and a price-to-earnings ratio of 28.39.
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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