November 30, 2016 - By Clifton Ray
HSBC currently has a GBX 2600.00 target on the 50.72 billion GBP market cap company or 28.46% upside potential. In analysts report issued to clients and investors on Wednesday, 30 November, Diageo (LON:DGE) stock had its Buy Rating restate by expert analysts at HSBC.
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 6.10% above today’s (GBX 2016) stock price. Diageo PLC has been the topic of 208 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Monday, February 1, the company rating was maintained by JP Morgan. The rating was maintained by Goldman Sachs on Wednesday, December 16 with “Sell”. The firm earned “Sell” rating on Monday, March 14 by Societe Generale. The stock of Diageo plc (LON:DGE) earned “Buy” rating by Deutsche Bank on Monday, February 1. The rating was maintained by Credit Suisse with “Outperform” on Friday, July 8. The stock of Diageo plc (LON:DGE) has “Buy” rating given on Friday, July 31 by Deutsche Bank. The company was maintained on Friday, November 25 by Jefferies. The company was maintained on Thursday, April 28 by JP Morgan. The stock of Diageo plc (LON:DGE) earned “Outperform” rating by RBC Capital Markets on Friday, February 26. Numis Securities maintained Diageo plc (LON:DGE) on Tuesday, September 22 with “Hold” rating.
About 1.47 million shares traded hands. Diageo plc (LON:DGE) has risen 8.97% since May 2, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.
Diageo PLC is an alcoholic beverage company. The company has a market cap of 50.72 billion GBP. The Firm operates in various categories, including spirits and beer. It has a 22.62 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.
Another recent and important Diageo plc (LON:DGE) news was published by Seekingalpha.com which published an article titled: “I Added To My Diageo Position” on November 27, 2016.
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By Clifton Ray