J P Morgan Chase & Co Reiterates “Overweight” Rating for Diageo (DGE)

Diageo (LON:DGE)‘s stock had its “overweight” rating reissued by research analysts at J P Morgan Chase & Co in a research note issued on Tuesday. They currently have a GBX 2,900 ($39.03) target price on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 9.62% from the stock’s previous close.

Several other research analysts have also recently issued reports on DGE. Goldman Sachs Group set a GBX 2,460 ($33.11) price objective on Diageo and gave the stock a “neutral” rating in a research report on Monday. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,840 ($38.22) price objective on shares of Diageo in a research report on Wednesday, December 6th. Jefferies Group lowered their price objective on Diageo from GBX 3,000 ($40.38) to GBX 2,900 ($39.03) and set a “buy” rating for the company in a research report on Thursday, September 28th. Shore Capital reaffirmed a “buy” rating on shares of Diageo in a research report on Wednesday, September 20th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 2,000 ($26.92) price objective on shares of Diageo in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Diageo has an average rating of “Buy” and a consensus price target of GBX 2,587.86 ($34.83).

Diageo (LON DGE) opened at GBX 2,645.50 ($35.61) on Tuesday. Diageo has a 1 year low of GBX 2,023 ($27.23) and a 1 year high of GBX 2,677.50 ($36.04).

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Diageo Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

Analyst Recommendations for Diageo (LON:DGE)

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