Today, Diageo plc’s (DGE) “Outperform” Rating Reaffirm at Credit Suisse Group AG

Today, Diageo plc’s (DGE) “Outperform” Rating Reaffirm at Credit Suisse Group AG
Diageo plc (LON:DGE)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group AG in a research note issued on Friday. They presently have a GBX 2,370 ($29.61) target price on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 18.74% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DGE. Liberum Capital assumed coverage on Diageo plc in a research note on Monday, October 3rd. They set a “hold” rating and a GBX 2,182 ($27.26) price objective on the stock. HSBC set a GBX 2,600 ($32.48) price objective on Diageo plc and gave the stock a “buy” rating in a research note on Wednesday, October 26th. JPMorgan Chase & Co. upped their price objective on Diageo plc from GBX 2,400 ($29.99) to GBX 2,500 ($31.23) and gave the stock an “overweight” rating in a research note on Wednesday, October 26th. Kepler Capital Markets upped their price objective on Diageo plc from GBX 1,980 ($24.74) to GBX 2,150 ($26.86) and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 2,197.67 ($27.46).

Diageo plc (LON:DGE) opened at 2021.50 on Friday. Diageo plc has a 12 month low of GBX 1,724.50 and a 12 month high of GBX 2,286.50. 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 company’s market capitalization is GBX 50.75 billion.

In related news, insider Franz B. Humer acquired 369 shares of the stock in a transaction dated Monday, October 10th. The stock was bought at an average cost of GBX 2,242 ($28.01) per share, for a total transaction of £8,272.98 ($10,336.06). Also, insider Javier Ferran acquired 13,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were bought at an average price of GBX 1,975 ($24.68) per share, with a total value of £256,750 ($320,777.11).

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