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Diageo (DGE) Stock Forecast & Price Target

GBX 2,599.50
-17.00 (-0.65%)
(As of 10/4/2024 ET)

Diageo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
3
Buy
2

Based on 6 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DGE.

Consensus Price Target

GBX 3,008
According to the 6 analysts' twelve-month price targets for Diageo, the average price target is GBX 3,008. The highest price target for DGE is GBX 3,640, while the lowest price target for DGE is GBX 2,400. The average price target represents a forecasted upside of 15.71% from the current price of GBX 2,599.50.
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DGE Analyst Ratings Over Time

TypeCurrent Forecast
10/7/23 to 10/6/24
1 Month Ago
9/7/23 to 9/6/24
3 Months Ago
7/9/23 to 7/8/24
1 Year Ago
10/7/22 to 10/7/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetGBX 3,008GBX 3,008GBX 3,028GBX 3,902
Consensus Rating
Hold
Hold
Hold
Moderate Buy

DGE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DGE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Diageo Stock vs. The Competition

TypeDiageoConsumer Defensive Companies
Consensus Rating Score
2.17
2.48
Consensus RatingHoldHold
News Sentiment Rating
Neutral News

See Recent DGE News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/22/2024JPMorgan Chase & Co.
3 of 5 stars
 Reiterated RatingNeutralGBX 3,200+28.21%
8/12/2024Royal Bank of Canada
4 of 5 stars
 UpgradeSector performGBX 2,100 ➝ GBX 2,400-2.06%
7/29/2024Citigroup
3 of 5 stars
 Reiterated RatingBuyGBX 3,000+17.49%
6/12/2024Jefferies Financial Group
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 Reiterated RatingHoldGBX 2,800+7.31%
5/1/2024Barclays
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 Boost TargetOverweightGBX 3,550 ➝ GBX 3,640+31.84%
4/30/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingSell
4/3/2023UBS Group
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Nik Oliver
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Set TargetGBX 3,950+9.48%
2/6/2023Sanford C. Bernstein
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Trevor Stirling
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Set TargetGBX 4,200+17.58%
1/31/2023Investec
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 UpgradeBuyGBX 3,900+12.51%
1/27/2023Credit Suisse Group
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Sanjeet Aujla
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Set TargetGBX 4,200+22.63%
1/26/2023The Goldman Sachs Group
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Olivier Nicolai
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Set TargetGBX 4,700+35.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:03 PM ET.


Should I Buy Diageo Stock? DGE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 3, 2024. Please send any questions or comments about these Diageo pros and cons to contact@marketbeat.com.

Diageo
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Diageo plc:

  • Diageo plc has a strong portfolio of well-known brands like Johnnie Walker, Guinness, and Smirnoff, which have a global presence and strong consumer loyalty.
  • Recent insider buying activity by Javier Ferrán, acquiring shares of Diageo plc, can indicate confidence in the company's future performance.
  • Diageo plc has a history of increasing dividends, providing investors with a steady income stream. The current dividend yield of 1.92% is attractive for income-oriented investors.
  • Analyst ratings from firms like Citigroup and JPMorgan Chase & Co. have been positive, with price targets indicating potential growth in the stock value.
  • Despite market fluctuations, Diageo plc has maintained a stable financial position with a manageable debt-to-equity ratio and consistent profitability.

Diageo
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Diageo plc for these reasons:

  • Diageo plc's stock price has been trading lower recently, indicating potential market concerns or challenges affecting the company's performance.
  • While the dividend yield is attractive, the payout ratio of 6,106.87% raises concerns about the sustainability of the dividend payments in the long term.
  • Some analysts have issued hold or neutral ratings on Diageo plc, suggesting uncertainty or limited upside potential in the near future.
  • Market volatility and economic uncertainties could impact consumer spending on luxury alcoholic beverages, affecting Diageo plc's sales and profitability.
  • Competitive pressures in the alcoholic beverage industry could pose challenges for Diageo plc in maintaining market share and pricing power against rivals.

DGE Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Diageo is GBX 3,008, with a high forecast of GBX 3,640 and a low forecast of GBX 2,400.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last year. There is currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DGE, but not buy additional shares or sell existing shares.

According to analysts, Diageo's stock has a predicted upside of 15.71% based on their 12-month stock forecasts.

Over the previous 90 days, Diageo's stock had 1 upgrade by analysts.

Diageo has been rated by research analysts at Citigroup, JPMorgan Chase & Co., and Royal Bank of Canada in the past 90 days.

Analysts like Diageo less than other "consumer defensive" companies. The consensus rating score for Diageo is 2.17 while the average consensus rating score for "consumer defensive" companies is 2.48. Learn more on how DGE compares to other companies.


This page (LON:DGE) was last updated on 10/6/2024 by MarketBeat.com Staff
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