Diageo (DGE) Research Coverage Started at JPMorgan Chase & Co.

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Analysts at JPMorgan Chase & Co. began coverage on shares of Diageo (LON:DGE) in a report issued on Thursday, Borsen Zeitung reports. The firm set a “neutral” rating and a GBX 3,100 ($40.51) price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 3.35% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Goldman Sachs Group set a GBX 3,215 ($42.01) price objective on Diageo and gave the company a “buy” rating in a research note on Thursday, January 31st. UBS Group reiterated a “buy” rating on shares of Diageo in a research note on Friday, January 25th. Credit Suisse Group set a GBX 3,250 ($42.47) price objective on Diageo and gave the company a “buy” rating in a research note on Monday, January 21st. Kepler Capital Markets lifted their price objective on Diageo from GBX 3,100 ($40.51) to GBX 3,300 ($43.12) and gave the company a “buy” rating in a research note on Tuesday, February 5th. Finally, Barclays set a GBX 3,470 ($45.34) price objective on Diageo and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Diageo presently has a consensus rating of “Hold” and an average target price of GBX 3,122.65 ($40.80).

Shares of LON:DGE opened at GBX 3,207.50 ($41.91) on Thursday. The firm has a market cap of $76.38 billion and a price-to-earnings ratio of 26.89. Diageo has a 12-month low of GBX 2,513 ($32.84) and a 12-month high of GBX 3,234 ($42.26). The company has a debt-to-equity ratio of 109.30, a current ratio of 1.48 and a quick ratio of 0.72.

Diageo (LON:DGE) last announced its quarterly earnings data on Thursday, January 31st. The company reported GBX 77 ($1.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 70.80 ($0.93) by GBX 6.20 ($0.08). As a group, research analysts anticipate that Diageo will post 13580.0006299676 EPS for the current year.

In other Diageo news, insider Ivan Menezes sold 47,904 shares of Diageo stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 3,961 ($51.76), for a total value of £1,897,477.44 ($2,479,390.36). Also, insider Javier Ferrán bought 270 shares of Diageo stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of GBX 3,061 ($40.00) per share, with a total value of £8,264.70 ($10,799.29). In the last three months, insiders acquired 3,149 shares of company stock valued at $11,809,085.

Diageo Company Profile

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.

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Analyst Recommendations for Diageo (LON:DGE)

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