Diageo (LON:DGE – Get Free Report) had its target price cut by investment analysts at Royal Bank of Canada from GBX 2,500 ($32.16) to GBX 2,100 ($27.01) in a research report issued on Wednesday, Digital Look reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 14.39% from the company’s previous close.
A number of other research firms also recently issued reports on DGE. Barclays lifted their price target on shares of Diageo from GBX 3,550 ($45.67) to GBX 3,640 ($46.82) and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,800 ($36.02) price target on shares of Diageo in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th. Finally, Citigroup reiterated a “buy” rating and set a GBX 3,000 ($38.59) price target on shares of Diageo in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus price target of GBX 2,948 ($37.92).
Get Our Latest Stock Analysis on DGE
Diageo Price Performance
Insider Transactions at Diageo
In other news, insider Javier Ferrán bought 314 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of GBX 2,640 ($33.96) per share, with a total value of £8,289.60 ($10,663.24). Insiders acquired a total of 612 shares of company stock valued at $1,671,964 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.
Diageo Company Profile
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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