Diageo (DGE) Given Sell Rating at Liberum Capital

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Diageo (LON:DGE)‘s stock had its “sell” rating reiterated by equities researchers at Liberum Capital in a research note issued to investors on Wednesday, July 25th. They presently have a GBX 2,100 ($27.18) price target on the stock. Liberum Capital’s price objective points to a potential downside of 24.91% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Credit Suisse Group set a GBX 2,840 ($36.76) price target on Diageo and gave the stock a “buy” rating in a research note on Friday, April 20th. UBS Group set a GBX 2,880 ($37.28) price target on Diageo and gave the stock a “buy” rating in a research note on Monday, April 16th. DZ Bank reaffirmed a “buy” rating on shares of Diageo in a research note on Tuesday, April 10th. Sanford C. Bernstein set a GBX 2,700 ($34.95) price target on Diageo and gave the stock a “buy” rating in a research note on Tuesday, April 10th. Finally, Kepler Capital Markets set a GBX 2,850 ($36.89) price objective on Diageo and gave the stock a “buy” rating in a research report on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 2,820 ($36.50).

Shares of LON DGE traded down GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 2,796.50 ($36.20). 5,572,518 shares of the stock traded hands, compared to its average volume of 4,520,000. Diageo has a 52-week low of GBX 2,186.50 ($28.30) and a 52-week high of GBX 2,735.50 ($35.41).

Diageo (LON:DGE) last announced its quarterly earnings data on Thursday, July 26th. The company reported GBX 118.60 ($1.54) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 116.50 ($1.51) by GBX 2.10 ($0.03). Diageo had a return on equity of 33.47% and a net margin of 27.06%.

In other news, insider Javier Ferrán purchased 299 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The shares were bought at an average cost of GBX 2,768 ($35.83) per share, for a total transaction of £8,276.32 ($10,713.68).

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its 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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Analyst Recommendations for Diageo (LON:DGE)

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