According to a research note published on Thursday by Jefferies Financial Group, stock analysts have reportedly assigned a price objective of GBX 4,500 ($54.37) to Diageo (LON: DGE). Borsen Zeitung published an article about this new information. Because the target price set by Jefferies Financial Group is higher by 20.64 percent than the stock’s current price, it indicates that the stock may be worth more in the future.
Several other brokerages have provided their two cents’ worth regarding DGE in recent updates. In a research note released on Thursday, July 28, The Royal Bank of Canada projected that the price of a share of Diageo would reach GBX 3,000, equivalent to $36.25 in United States dollars. According to a research note distributed by Morgan Stanley on June 28, the price of Diageo is anticipated to rise to GBX 4,100 (or $49.54) shortly. In a research report released on Monday, September 12, Deutsche Bank Aktiengesellschaft upgraded their rating on Diageo from “sell” to “hold.” Additionally, they raised their price objective for the company’s stock from GBX 3,300 ($39.87) to GBX 3,350 ($40.48). These changes were made because they raised both the rating and the price objective. Credit Suisse Group concluded that its price objective for Diageo should be set at GBX 4,550 ($54.98). This information was included in a research report that was made public on Friday, July 29. In a study released on Thursday, July 28, JPMorgan Chase & Co. predicted that the share price of Diageo would rise to GBX 4,350 ($52.56), but this prediction should not be considered the least important. The company’s common stock has been recommended to buy by three research analysts, a recommendation to hold by two research analysts, and a recommendation to sell by two research analysts. The current recommendation for Diageo is “Hold,” Data from Bloomberg.com shows that most market participants have set a price goal of GBX 4,132 ($49.93).
During Thursday, the price of one share of Diageo fell from GBX 3,730 ($45.07) to GBX 51.50 ($0.62). A total of only 1,159,711 shares of the company’s stock were traded, a substantial decrease from the company’s typical volume of 3,413,338 shares. The ratio of Diageo’s earnings to its stock price is 2,663.57, and the company has a market capitalization of £84.96 billion. The lowest price that the company experienced over the previous year was GBX 3,282.50 ($39.66), while its highest price over the previous year was GBX 4,110 ($49.66). These are the prices expressed in United States dollars for both options. This company has several different financial ratios, including a quick ratio of 0.62, a current ratio of 1.53, and a debt-to-equity ratio of 176.36. The simple moving average for the last fifty days at the company is GBP 3,821.19, and the simple moving average for the last 200 days at the company is GBP 3,764.80.
On September 12, a corporate insider named Javier Ferrán purchased 217 shares of the company’s stock. This was another piece of news about Diageo. Because the shares were purchased at an average price of GBX 3,807 ($46.00), the total cost of the shares came to £8,261.19 ($9,982.10). During the last fiscal year, insiders bought 667 shares at $2,480,913 per transaction.
Alcoholic beverages are produced, marketed, and distributed by Diageo plc and its subsidiaries and affiliates. Diageo plc is the parent company of all of these businesses. Some of the alcoholic beverages that can be purchased include beer, cider, non-alcoholic drinks, scotch, whisky, gin, vodka, rum, ready-to-drink items, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, brandy. In addition, we have a wide variety of other alcoholic beverages for your consumption.