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Diageo PLC (LON:DGE) target price lowered to 2,150.00GBX, issued a report today by Goldman Sachs

Diageo PLC (LON:DGE) had its target price lowered to 2,150.00GBX by Goldman Sachs in a report released 12/02/2016. The new target price indicates a possible upside of 0.09% based on the company's last stock close price.

Previously on 11/25/2016, Jefferies International reported about Diageo PLC (LON:DGE) held steady the target price at 2,300.00GBX. At the time, this indicated a possible upside of 0.15%.

Yesterday Diageo PLC (LON:DGE) traded -1.92% lower at 1,972.50GBX. The company’s 50-day moving average is 2,103.92GBX and its 200-day moving average is 2,066.76GBX. The last stock close price is down -5.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 6,014,634 shares of the stock were exchanged, up from an average trading volume of 4,681,150

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Diageo PLC (LON:DGE)

Diageo PLC has a 52 week low of 1,724.50GBX and a 52 week high of 2,286.50GBX with a P/E ratio of 22.01 The company’s market cap is currently 0 GBX.

In addition to Goldman Sachs reporting its target price, a total of 20 firms have issued a report on the stock. The consensus target price is 2,132.25GBX with 4 firms rating the stock a strong buy, 11 firms rating the stock a buy, 8 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Diageo PLC (LON:DGE)

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink. The Company's brands includes Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness. It manages its operations from various locations, including the United Kingdom; Ireland; Italy; Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa, and Africa Regional Markets. It also produces a range of ready to drink products mainly in the United Kingdom, Italy, South Africa, Australia, the United States and Canada.

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