Rating Coverage: Diageo (LON:DGE) Stock “Outperform” Rating Reaffirmed at Credit Suisse; The TP is GBX 2370.00

November 25, 2016 - By Vivian Park

Diageo (LON:DGE) Rating

Research analysts at Credit Suisse have GBX 2370.00 target on Diageo (LON:DGE). Credit Suisse’s target indicates a potential upside of 17.53% from the company’s current price. The rating was shown in a research report on Friday morning.

Diageo plc (LON:DGE) Ratings Coverage

Out of 28 analysts covering Diageo PLC (LON:DGE), 15 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 54% are positive. GBX 2600 is the highest target while GBX 1600 is the lowest. The GBX 2138.96 average target is 5.89% above today’s (GBX 2020) stock price. Diageo PLC has been the topic of 208 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, June 29 by HSBC. Berenberg maintained the shares of DGE in a report on Thursday, September 3 with “Buy” rating. As per Friday, July 29, the company rating was maintained by JP Morgan. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, October 29. BNP Paribas maintained the stock with “Outperform” rating in Thursday, September 15 report. On Tuesday, November 1 the stock rating was maintained by Liberum Capital with “Hold”. The stock of Diageo plc (LON:DGE) has “Buy” rating given on Thursday, October 15 by Berenberg. The firm has “Buy” rating given on Thursday, February 4 by Nomura. The company was maintained on Friday, April 15 by Goldman Sachs. As per Thursday, September 1, the company rating was maintained by HSBC.

About 988,753 shares traded hands. Diageo plc (LON:DGE) has risen 6.57% since April 27, 2016 and is uptrending. It has outperformed by 1.16% the S&P500.

Diageo PLC is an alcoholic beverage company. The company has a market cap of 50.83 billion GBP. The Firm operates in various categories, including spirits and beer. It has a 22.67 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

More recent Diageo plc (LON:DGE) news were published by: Wsj.com which released: “Diageo Unions Vote for Industrial Action Over Pension Cuts” on November 21, 2016. Also Seekingalpha.com published the news titled: “Diageo: Not Quite Liquid Gold, But Close Enough” on November 22, 2016. Seekingalpha.com‘s news article titled: “Do Yourself A Favor And Buy Diageo” with publication date: November 21, 2016 was also an interesting one.

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