Diageo (LON:DGE) PT Set at GBX 3,100 by Royal Bank of Canada
Diageo (LON:DGE) has been assigned a GBX 3,100 ($40.51) target price by investment analysts at Royal Bank of Canada in a report released on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 8.58% from the company’s current price.
Several other research firms have also weighed in on DGE. Investec upgraded Standard Chartered from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Barclays reiterated an “overweight” rating and issued a GBX 3,150 ($41.16) target price on shares of in a research note on Wednesday, June 5th. UBS Group lowered to a “sell” rating and increased their target price for the stock from GBX 530 ($6.93) to GBX 540 ($7.06) in a research note on Wednesday, June 12th. Kepler Capital Markets reiterated a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a research note on Tuesday, July 9th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 250 ($3.27) target price on shares of in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 3,224.41 ($42.13).
LON:DGE opened at GBX 3,391 ($44.31) on Friday. The firm’s fifty day moving average is GBX 3,391.36. Diageo has a fifty-two week low of GBX 2,513 ($32.84) and a fifty-two week high of GBX 3,500.50 ($45.74). The stock has a market cap of $80.43 billion and a price-to-earnings ratio of 28.42. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 109.30.
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.
Further Reading: Support Level
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