Diageo plc (LON:DGE) had its price target reduced by stock analysts at Berenberg Bank from GBX 2,400 ($29.99) to GBX 2,140 ($26.74) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 7.21% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,370 ($29.61) target price on shares of Diageo plc in a research note on Friday. Bryan, Garnier & Co reissued a “neutral” rating on shares of Diageo plc in a research note on Wednesday. Jefferies Group reduced their target price on Diageo plc from GBX 2,600 ($32.48) to GBX 2,300 ($28.74) and set a “buy” rating on the stock in a research note on Monday. Goldman Sachs Group Inc. set a GBX 2,185 ($27.30) target price on Diageo plc and gave the company a “neutral” rating in a research note on Friday, November 18th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 2,150 ($26.86) target price on shares of Diageo plc in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Diageo plc presently has an average rating of “Hold” and a consensus price target of GBX 2,197.67 ($27.46).
Shares of Diageo plc (LON:DGE) opened at 2010.50 on Friday. The company has a 50-day moving average price of GBX 2,118.59 and a 200-day moving average price of GBX 2,063.21. The stock’s market capitalization is GBX 50.47 billion. Diageo plc has a 52-week low of GBX 1,724.50 and a 52-week high of GBX 2,286.50.
In other Diageo plc news, insider Franz B. Humer acquired 369 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was purchased at an average price of GBX 2,242 ($28.01) per share, with a total value of £8,272.98 ($10,336.06). Also, insider Javier Ferran acquired 18,500 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was acquired at an average cost of GBX 2,221 ($27.75) per share, with a total value of £410,885 ($513,349.58).