Goldman Sachs Seems to Have Gained Confidence In Diageo PLC (LON:DGE), Upgrades Stocks

September 7, 2018 - By Jack Shaw

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Diageo PLC (LON:DGE) Stock Upgrade

Goldman Sachs has raised shares of Diageo PLC (LON:DGE) to a respectable “Buy” rating in a report made public today, and has set an estimated 12-month target price per share of GBX 3100.00, which is 14.70 % from DGE’s share price currently.

Diageo plc (LON:DGE) Ratings Coverage

Among 11 analysts covering Diageo PLC (LON:DGE), 9 have Buy rating, 1 Sell and 1 Hold. Therefore 82% are positive. Diageo PLC has GBX 3200 highest and GBX 2100 lowest target. GBX 2951.11’s average target is 9.89% above currents GBX 2685.5 stock price. Diageo PLC had 27 analyst reports since March 7, 2018 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Monday, July 30. The rating was maintained by Liberum Capital with “Sell” on Wednesday, July 11. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, May 23 report. As per Tuesday, April 24, the company rating was maintained by Morgan Stanley. The stock of Diageo plc (LON:DGE) earned “Buy” rating by Jefferies on Monday, August 6. Morgan Stanley maintained Diageo plc (LON:DGE) on Wednesday, July 18 with “Overweight” rating. On Wednesday, March 7 the stock rating was maintained by Liberum Capital with “Sell”. The firm earned “Sell” rating on Tuesday, June 26 by Liberum Capital. Credit Suisse maintained Diageo plc (LON:DGE) on Friday, May 4 with “Outperform” rating. The firm has “Buy” rating given on Friday, May 25 by Citigroup.

It closed at GBX 2685.5 lastly. It is down 0.00% since September 7, 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 65.82 billion GBP. The firm offers a collection of brands across spirits, beer, cider, and wine categories. It has a 22.18 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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