Barclays Increases Diageo (LON:DGE) Price Target to GBX 3,640

Diageo (LON:DGE - Get Free Report) had its price objective increased by investment analysts at Barclays from GBX 3,550 ($44.59) to GBX 3,640 ($45.72) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 32.73% from the company's previous close.

DGE has been the topic of several other research reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 2,900 ($36.43) price objective on shares of Diageo in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Diageo in a research report on Tuesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 3,058 ($38.41).

Diageo Price Performance

Shares of Diageo stock traded down GBX 33 ($0.41) on Wednesday, hitting GBX 2,742.50 ($34.45). 1,646,544 shares of the company traded hands, compared to its average volume of 3,534,161. The stock has a market capitalization of £61.16 billion, a P/E ratio of 1,840.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.32. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. Diageo has a 52 week low of GBX 2,676 ($33.61) and a 52 week high of GBX 3,694.50 ($46.41). The business has a 50-day simple moving average of GBX 2,874.41 and a 200 day simple moving average of GBX 2,886.67.

Insider Transactions at Diageo

In other news, insider Javier Ferrán bought 290 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). In other news, insider Karen Blackett bought 702 shares of the company's stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average price of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,919.63). Also, insider Javier Ferrán bought 290 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). Over the last 90 days, insiders have acquired 1,002 shares of company stock worth $2,839,892. 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.