Barclays Lowers Diageo (LON:DGE) Price Target to GBX 4,890

Posted by on Apr 8th, 2023

Diageo (LON:DGE – Get Rating) had its target price decreased by research analysts at Barclays from GBX 5,100 ($63.34) to GBX 4,890 ($60.73) in a report issued on Thursday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 32.72% from the stock’s current price.

A number of other research analysts also recently weighed in on DGE. JPMorgan Chase & Co. set a GBX 4,500 ($55.89) price objective on shares of Diageo in a research report on Monday, March 27th. The Goldman Sachs Group set a GBX 4,700 ($58.37) target price on shares of Diageo in a report on Thursday, January 26th. Credit Suisse Group set a GBX 4,200 ($52.16) target price on shares of Diageo in a report on Friday, January 27th. Investec raised shares of Diageo to a “buy” rating and set a GBX 3,900 ($48.44) price target on the stock in a research note on Tuesday, January 31st. Finally, Royal Bank of Canada set a GBX 3,100 ($38.50) price target on shares of Diageo in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 4,026.67 ($50.01).

Diageo Trading Up 0.4 %

Shares of DGE stock opened at GBX 3,684.50 ($45.76) on Thursday. Diageo has a 12-month low of GBX 3,363 ($41.77) and a 12-month high of GBX 4,067 ($50.51). The firm has a market cap of £83.27 billion, a P/E ratio of 2,361.86, a PEG ratio of 1.89 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.57 and a debt-to-equity ratio of 186.30. The company has a 50 day moving average of GBX 3,555.11 and a 200-day moving average of GBX 3,642.26.

Insider Buying and Selling

In other news, insider Javier Ferrán purchased 236 shares of the stock in a transaction dated Friday, February 10th. The shares were purchased at an average price of GBX 3,499 ($43.46) per share, with a total value of £8,257.64 ($10,255.39). In the last quarter, insiders purchased 937 shares of company stock valued at $3,308,396. 0.18% of the stock is owned by corporate insiders.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

Further Reading

Analyst Recommendations for Diageo (LON:DGE)

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