Societe Generale Reiterates “Hold” Rating for Diageo (DGE)
Diageo (LON:DGE)‘s stock had its “hold” rating reaffirmed by stock analysts at Societe Generale in a report issued on Friday, Analyst Ratings Network reports. They currently have a GBX 2,050 ($32.73) price objective on the stock. Societe Generale’s price objective suggests a potential upside of 4.91% from the company’s current price.
Shares of Diageo (LON:DGE) opened at 1979.0001 on Friday. Diageo has a one year low of GBX 1741.00 and a one year high of GBX 2152.50. The stock has a 50-day moving average of GBX 2028. and a 200-day moving average of GBX 1995.. The company’s market cap is £49.538 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 2,350 ($37.52) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Diageo in a research note to investors on Wednesday. They now have a GBX 2,200 ($35.12) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Diageo in a research note to investors on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 2,093.53 ($33.42).
Diageo plc (LON:DGE) is engaged in drinks business.
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