Diageo (LON:DGE) PT Set at GBX 4,300 by UBS Group

UBS Group set a GBX 4,300 ($52.67) target price on Diageo (LON:DGE – Get Rating) in a report released on Tuesday morning, Borsen Zeitung reports.

Several other equities research analysts also recently commented on DGE. Barclays boosted their target price on Diageo from GBX 3,430 ($42.01) to GBX 5,040 ($61.73) and gave the stock an overweight rating in a report on Friday, June 17th. Morgan Stanley reissued an overweight rating on shares of Diageo in a report on Wednesday, May 11th. Bank of America set a GBX 4,600 ($56.34) target price on Diageo in a report on Friday, April 8th. The Goldman Sachs Group set a GBX 4,700 ($57.57) target price on Diageo in a report on Friday, June 17th. Finally, Jefferies Financial Group set a GBX 4,000 ($49.00) target price on Diageo in a report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Diageo currently has an average rating of Hold and a consensus price target of GBX 4,159.33 ($50.95).

LON DGE opened at GBX 3,535.50 ($43.31) on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.52 and a debt-to-equity ratio of 152.58. Diageo has a twelve month low of GBX 3,282.50 ($40.21) and a twelve month high of GBX 4,110 ($50.34). The firm has a market capitalization of £80.86 billion and a PE ratio of 27.20. The stock’s 50 day moving average is GBX 3,729.25 and its 200 day moving average is GBX 3,771.19.

In related news, insider Javier Ferrán purchased 221 shares of Diageo stock in a transaction on Tuesday, May 10th. The stock was acquired at an average price of GBX 3,741 ($45.82) per share, for a total transaction of £8,267.61 ($10,126.91). In the last 90 days, insiders acquired 662 shares of company stock valued at $2,479,638.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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