Diageo (DGE) Stock Forecast & Price Target

GBX 2,400

-30.50 (-1.25%)

(As of 09/6/2024 11:46 AM ET)

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Diageo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DGE.

Consensus Price Target

GBX 3,008

High Forecast	GBX 3,640
Average Forecast	GBX 3,008
Low Forecast	GBX 2,400

According to the 6 analysts' twelve-month price targets for Diageo, the average price target is GBX 3,008. The highest price target for DGE is GBX 3,640, while the lowest price target for DGE is GBX 2,400. The average price target represents a forecasted upside of 25.33% from the current price of GBX 2,400.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Reduce	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	GBX 3,008	GBX 2,948	GBX 3,058	GBX 3,902

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DGE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DGE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diageo Stock vs. The Competition

Type	Diageo	Consumer Defensive Companies
Consensus Rating Score	2.17	2.38
Consensus Rating	Hold	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Reiterated Rating	Neutral	GBX 3,200	+28.21%
8/12/2024	Royal Bank of Canada 4 of 5 stars		Upgrade	Sector perform	GBX 2,100 ➝ GBX 2,400	-2.06%
7/29/2024	Citigroup 3 of 5 stars		Reiterated Rating	Buy	GBX 3,000	+17.49%
6/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold	GBX 2,800	+7.31%
5/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	GBX 3,550 ➝ GBX 3,640	+31.84%
4/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell
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4/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nik Oliver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 3,950	+9.48%
2/6/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Trevor Stirling Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,200	+17.58%
1/31/2023	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Buy	GBX 3,900	+12.51%
1/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sanjeet Aujla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,200	+22.63%
1/26/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Olivier Nicolai Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,700	+35.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:29 PM ET.

DGE Forecast - Frequently Asked Questions

What is Diageo's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Diageo is GBX 3,008, with a high forecast of GBX 3,640 and a low forecast of GBX 2,400.
Should I buy or sell Diageo stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last year. There is currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DGE, but not buy additional shares or sell existing shares.
Does Diageo's stock price have much upside?: According to analysts, Diageo's stock has a predicted upside of 16.86% based on their 12-month stock forecasts.
Has Diageo been upgraded by Wall Street analysts recently?: Over the previous 90 days, Diageo's stock had 2 upgrades by analysts.
What analysts cover Diageo?: Diageo has been rated by research analysts at Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Diageo more than its competitors?: Analysts like Diageo less than other "consumer defensive" companies. The consensus rating score for Diageo is 2.17 while the average consensus rating score for "consumer defensive" companies is 2.38. Learn more on how DGE compares to other companies.