Diageo plc (DGE) Downgraded by Liberum Capital

Diageo plc (LON:DGE) was downgraded by equities researchers at Liberum Capital to a “sell” rating in a research report issued on Monday. They presently have a GBX 2,000 ($24.96) price objective on the stock, up from their prior price objective of GBX 1,900 ($23.71). Liberum Capital’s target price suggests a potential downside of 10.79% from the company’s previous close.

A number of other brokerages have also issued reports on DGE. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,370 ($29.58) price target on shares of Diageo plc in a research note on Tuesday, January 10th. Goldman Sachs Group, Inc. (The) set a GBX 2,185 ($27.27) price target on Diageo plc and gave the stock a “neutral” rating in a research note on Friday, January 20th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,300 ($28.70) price target on shares of Diageo plc in a research note on Sunday, November 27th. Shore Capital reissued a “buy” rating on shares of Diageo plc in a research note on Monday, January 9th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a GBX 2,600 ($32.45) price target on shares of Diageo plc in a research note on Wednesday, November 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Diageo plc has an average rating of “Hold” and a consensus price target of GBX 2,279.25 ($28.44).

Source: Ticker Report