Diageo (LON:DGE) Given a GBX 3,100 Price Target by Royal Bank of Canada Analysts

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Diageo (LON:DGE) received a GBX 3,100 ($40.51) target price from research analysts at Royal Bank of Canada in a research report issued on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 8.58% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Barclays reissued an “overweight” rating and issued a GBX 3,150 ($41.16) price target on shares of in a report on Wednesday, June 5th. Citigroup raised their price target on Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Kepler Capital Markets reissued a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a report on Tuesday, July 9th. Sanford C. Bernstein set a €105.00 ($122.09) price target on Merck KGaA and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Investec raised Standard Chartered from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Diageo presently has an average rating of “Hold” and an average target price of GBX 3,224.41 ($42.13).

Shares of LON DGE opened at GBX 3,391 ($44.31) on Friday. The company has a debt-to-equity ratio of 109.30, a quick ratio of 0.72 and a current ratio of 1.48. The firm has a market capitalization of $80.43 billion and a P/E ratio of 28.42. The business has a 50-day simple moving average of GBX 3,391.36. Diageo has a fifty-two week low of GBX 2,513 ($32.84) and a fifty-two week high of GBX 3,500.50 ($45.74).

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, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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