Diageo (LON:DGE) Given a GBX 4,100 Price Target by Morgan Stanley Analysts

Morgan Stanley set a GBX 4,100 ($50.30) price objective on Diageo (LON:DGE – Get Rating) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports.

A number of other analysts also recently commented on DGE. Jefferies Financial Group set a GBX 4,000 ($49.07) price objective on shares of Diageo in a report on Friday, June 17th. Deutsche Bank Rese… set a GBX 3,900 ($47.85) target price on shares of Diageo in a research report on Wednesday, April 27th. Credit Suisse Group set a GBX 4,400 ($53.98) target price on shares of Diageo in a research report on Friday, June 17th. Citigroup restated a neutral rating and set a GBX 4,150 ($50.91) target price on shares of Diageo in a research report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 3,900 ($47.85) price objective on shares of Diageo in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of GBX 4,043.33 ($49.61).

Shares of LON:DGE opened at GBX 3,530.50 ($43.31) on Tuesday. The company has a market cap of £80.74 billion and a price-to-earnings ratio of 27.16. The firm’s 50-day simple moving average is GBX 3,699.45 and its 200-day simple moving average is GBX 3,759.16. The company has a quick ratio of 0.69, a current ratio of 1.52 and a debt-to-equity ratio of 152.58. Diageo has a fifty-two week low of GBX 3,282.50 ($40.27) and a fifty-two week high of GBX 4,110 ($50.42).

In related news, insider Javier Ferrán purchased 206 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The stock was purchased at an average price of GBX 4,007 ($49.16) per share, with a total value of £8,254.42 ($10,126.88). Insiders have purchased 662 shares of company stock valued at $2,479,638 in the last ninety days.

About Diageo (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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