Diageo (LON:DGE – Free Report) had its price objective increased by Barclays from GBX 3,550 ($44.59) to GBX 3,640 ($45.72) in a report released on Wednesday, MarketBeat Ratings reports. They currently have an overweight rating on the stock.
A number of other brokerages have also recently commented on DGE. Deutsche Bank Aktiengesellschaft reaffirmed a sell rating on shares of Diageo in a research note on Tuesday. JPMorgan Chase & Co. reiterated a neutral rating on shares of Diageo in a report on Monday, February 26th. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 2,900 ($36.43) target price on shares of Diageo in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of GBX 3,058 ($38.41).
Read Our Latest Stock Report on DGE
Diageo Stock Up 0.1 %
Insider Activity
In other news, insider Javier Ferrán purchased 290 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). In related news, insider Karen Blackett bought 702 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average price of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Also, insider Javier Ferrán bought 290 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). Insiders have bought a total of 1,002 shares of company stock worth $2,839,892 over the last three months. Corporate insiders own 0.13% of the company’s stock.
Diageo Company Profile
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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