Diageo Upgraded to 'Outperform' by Royal Bank Of Canada

Diageo (LON:DGE) has been upgraded to 'outperform' by Royal Bank Of Canada in their latest research report, issued on Monday. The London Stock Exchange reports that Royal Bank Of Canada has maintained a GBX 2,000 price target for the stock, indicating a potential upside of 14.51% from its current price.

Diageo's stock opened at GBX 1,746.50 on Monday, with a market capitalization of £38.83 billion and a P/E ratio of 16.14. The company has been the subject of several other reports in recent weeks, with Jefferies Financial Group lifting their price target from GBX 2,000 to GBX 2,200.

Berenberg Bank reaffirmed its 'buy' rating for Diageo, while Deutsche Bank Aktiengesellschaft reiterated a 'hold' rating and UBS Group restated a 'neutral' rating. Analysts have given the stock an average price target of GBX 2,029 based on data from MarketBeat.com.