How Good Does Diageo (LON:DGE) Look Now? Goldman Sachs Has Just Upgraded The Stock

July 13, 2018 - By Russell Jones

Diageo plc (LON:DGE) Logo

Diageo (LON:DGE) Stock Upgrade

In a research report revealed on 12 July, analysts at the Goldman Sachs equities division upgraded shares of Diageo (LON:DGE) to a respectable “Buy” rating. They now have a PT set at GBX 3160.00 on DGE equating to 12.70 % more upside.

Diageo plc (LON:DGE) Ratings Coverage

Among 15 analysts covering Diageo PLC (LON:DGE), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Diageo PLC has GBX 3160 highest and GBX 2000 lowest target. GBX 2692.14’s average target is -3.99% below currents GBX 2804 stock price. Diageo PLC had 37 analyst reports since January 15, 2018 according to SRatingsIntel. Goldman Sachs upgraded it to “Buy” rating and GBX 3160 target in Friday, July 13 report. The firm has “Sell” rating given on Friday, January 19 by Liberum Capital. On Friday, January 26 the stock rating was maintained by Berenberg with “Hold”. Morgan Stanley maintained Diageo plc (LON:DGE) rating on Tuesday, April 24. Morgan Stanley has “Overweight” rating and GBX 2900 target. On Thursday, March 15 the stock rating was maintained by Liberum Capital with “Sell”. On Thursday, May 17 the stock rating was upgraded by Kepler Cheuvreux to “Buy”. The stock of Diageo plc (LON:DGE) has “Buy” rating given on Thursday, May 17 by Citigroup. Liberum Capital maintained the stock with “Sell” rating in Monday, March 5 report. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, May 23 report. The rating was maintained by Liberum Capital on Tuesday, June 26 with “Sell”.

The stock increased 0.70% or GBX 19.5 during the last trading session, reaching GBX 2804. About 3.40 million shares traded. Diageo plc (LON:DGE) has 0.00% since July 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company has market cap of 68.81 billion GBP. The firm offers a collection of brands across spirits, beer, cider, and wine categories. It has a 22.03 P/E ratio. The Company’s brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

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