Today Diageo PLC (LON:DGE) Has Been Upgraded by Kepler Cheuvreux to a Buy

May 17, 2018 - By Matt Thomas

Diageo plc (LON:DGE) Logo

Diageo PLC (LON:DGE) Stock Upgrade

In analysts note issued on Thursday morning, Kepler Cheuvreux decided to upgrade shares of Diageo PLC (LON:DGE) to a Buy rating. The firm currently has a respectable GBX 2850.00 price target on DGE shares.

Diageo plc (LON:DGE) Ratings Coverage

Among 16 analysts covering Diageo PLC (LON:DGE), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. Diageo PLC has GBX 2900 highest and GBX 2000 lowest target. GBX 2665.80’s average target is -1.46% below currents GBX 2705.25 stock price. Diageo PLC had 41 analyst reports since November 20, 2017 according to SRatingsIntel. As per Wednesday, December 6, the company rating was maintained by JP Morgan. The company was upgraded on Tuesday, May 15 by Citigroup. The rating was downgraded by RBC Capital Markets to “Sector Performer” on Monday, January 29. On Thursday, January 25 the stock rating was maintained by Shore Capital with “Buy”. On Monday, January 29 the stock rating was maintained by Kepler Cheuvreux with “Hold”. The company was maintained on Monday, March 12 by Societe Generale. As per Tuesday, February 27, the company rating was maintained by Liberum Capital. Liberum Capital maintained Diageo plc (LON:DGE) on Friday, January 19 with “Sell” rating. Kepler Cheuvreux upgraded it to “Buy” rating and GBX 2850 target in Thursday, May 17 report. The stock of Diageo plc (LON:DGE) has “Outperform” rating given on Tuesday, January 30 by Credit Suisse.

The stock decreased 0.21% or GBX 5.75 during the last trading session, reaching GBX 2705.25. About 2.52M shares traded. Diageo plc (LON:DGE) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company has market cap of 66.43 billion GBP. The firm offers a collection of brands across spirits, beer, cider, and wine categories. It has a 21.25 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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