Liberum Capital Reaffirms “Sell” Rating for Diageo (DGE)

Diageo (LON:DGE)‘s stock had its “sell” rating reissued by research analysts at Liberum Capital in a report released on Friday, December 8th. They currently have a GBX 2,000 ($26.74) price target on the stock. Liberum Capital’s price target suggests a potential downside of 25.32% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a GBX 3,000 ($40.11) price objective on shares of Diageo in a research note on Wednesday, September 20th. Shore Capital reiterated a “buy” rating on shares of Diageo in a research report on Wednesday, September 20th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo in a research report on Thursday, August 31st. UBS Group set a GBX 2,880 ($38.51) target price on shares of Diageo and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Sanford C. Bernstein set a GBX 3,000 ($40.11) price objective on shares of Diageo and gave the company a “buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,587.86 ($34.60).

Diageo (LON DGE) traded down GBX 47 ($0.63) during midday trading on Friday, reaching GBX 2,678 ($35.81). 3,966,246 shares of the company were exchanged, compared to its average volume of 3,590,000. The company has a market capitalization of $66,840.00 and a PE ratio of 2,479.63. Diageo has a twelve month low of GBX 2,087.50 ($27.91) and a twelve month high of GBX 2,729 ($36.49).

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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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