Diageo Stock Rating Reaffirmed by Societe Generale (DGE)
Diageo (LON:DGE)‘s stock had its “hold” rating reiterated by stock analysts at Societe Generale in a report issued on Tuesday, American Banking News.com reports. They currently have a GBX 2,150 ($34.49) price objective on the stock. Societe Generale’s price objective suggests a potential upside of 13.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Diageo in a research note to investors on Monday. They now have a GBX 2,320 ($37.22) price target on the stock. Separately, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of Diageo in a research note to investors on Friday, October 4th. They now have a GBX 2,180 ($34.98) price target on the stock. Finally, analysts at Numis Securities Ltd initiated coverage on shares of Diageo in a research note to investors on Friday, October 4th. They set an “add” rating and a GBX 2,200 ($35.30) price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the stock. Diageo currently has a consensus rating of “Buy” and a consensus target price of GBX 2,101.76 ($33.72).
Diageo (LON:DGE) traded down 1.14% during mid-day trading on Tuesday, hitting GBX 1899.5001. 3,876,753 shares of the company’s stock traded hands. Diageo has a 52-week low of GBX 1741.00 and a 52-week high of GBX 2152.50. The stock’s 50-day moving average is GBX 2028. and its 200-day moving average is GBX 1995.. The company’s market cap is £47.548 billion.
Diageo plc (LON:DGE) is engaged in drinks business.
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