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Diageo (DGE) Stock Forecast & Price Target

GBX 2,539.50
-6.50 (-0.26%)
(As of 07/12/2024 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

Consensus Price Target

GBX 3,028
High ForecastGBX 3,640
Average ForecastGBX 3,028
Low ForecastGBX 2,500
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Reduce
Hold
Hold
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)
1 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetGBX 3,028GBX 3,038GBX 3,180GBX 3,925.45
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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
2.00
2.37
Consensus RatingHoldHold
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/3/2024Citigroup
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 UpgradeBuyGBX 3,000+19.66%
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
2/26/2024JPMorgan Chase & Co.
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 Reiterated RatingNeutral
12/4/2023Royal Bank of Canada
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 Lower TargetUnderperformGBX 2,700 ➝ GBX 2,500-10.97%
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%
8/17/2022Berenberg Bank
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Javier Gonzalez Lastra
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Set TargetGBX 4,160+7.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:07 AM ET.

DGE Forecast - Frequently Asked Questions

What is Diageo's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Diageo is GBX 3,028, with a high forecast of GBX 3,640 and a low forecast of GBX 2,500.

Should I buy or sell Diageo stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.

Does Diageo's stock price have much upside?

According to analysts, Diageo's stock has a predicted upside of 12.47% based on their 12-month stock forecasts.

Has Diageo been upgraded by Wall Street analysts recently?

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

What analysts cover Diageo?

Diageo has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, and Jefferies Financial Group in the past 90 days.

Do Wall Street analysts like Diageo more than its competitors?

Analysts like Diageo less than other "consumer defensive" companies. The consensus rating score for Diageo is 2.00 while the average consensus rating score for "consumer defensive" companies is 2.37. Learn more on how DGE compares to other companies.


This page (LON:DGE) was last updated on 7/14/2024 by MarketBeat.com Staff

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