June 28, 2016

Goldman Sachs Upgraded Diageo plc (DGE)


Diageo plc (LON:DGE) was upgraded by analysts at Goldman Sachs to a “neutral” rating in a report issued on Tuesday. The firm currently has a GBX 1,925 ($25.39) price objective on the stock. Goldman Sachs’ price target suggests a potential upside of 0.57% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Morgan Stanley set a GBX 2,200 ($29.02) price objective on Diageo plc and gave the stock a “buy” rating in a research note on Tuesday, March 29th. Nomura reissued a “buy” rating and issued a GBX 2,200 ($29.02) price objective on shares of Diageo plc in a research note on Thursday, March 3rd. Shore Capital reissued a “buy” rating on shares of Diageo plc in a research note on Tuesday, April 12th. Berenberg Bank restated a “buy” rating and set a GBX 2,350 ($31.00) target price on shares of Diageo plc in a report on Wednesday, June 22nd. Finally, BNP Paribas set a GBX 2,150 ($28.36) target price on Diageo plc and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,031 ($26.79).