Diageo Price Target Cut to GBX 1,835 by Analysts at Canaccord Genuity (DGE)
Stock analysts at Canaccord Genuity decreased their price objective on shares of Diageo (LON:DGE) from GBX 1,900 ($31.31) to GBX 1,835 ($30.24) in a report issued on Thursday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 3.93% from the stock’s previous close.
The company also recently declared a dividend, which is scheduled for Monday, April 7th. Investors of record on Wednesday, February 26th will be given a dividend of GBX 19.70 ($0.32) per share. This represents a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, February 26th.
A number of other analysts have also recently weighed in on DGE. Analysts at Liberum Capital reiterated a “hold” rating on shares of Diageo in a research note to investors on Thursday. Separately, analysts at Nomura reiterated a “buy” rating on shares of Diageo in a research note to investors on Wednesday. They now have a GBX 2,200 ($36.25) price target on the stock. Finally, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of Diageo in a research note to investors on Monday. They now have a GBX 2,180 ($35.92) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 2,168.93 ($35.74).
Diageo plc (LON:DGE) is engaged in drinks business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.