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Equities research analysts at RBC Capital reduced their price target on shares of Diageo (LON:DGE) from GBX 2,000 ($32.95) to GBX 1,800 ($29.66) in a research note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has a “sector performer” rating on the stock. RBC Capital’s target price points to a potential downside of 5.76% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Diageo from GBX 1,970 ($32.46) to GBX 1,840 ($30.32) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Diageo from GBX 2,170 ($35.76) to GBX 1,900 ($31.31) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Diageo to a “neutral” rating in a research note to investors on Friday. They now have a GBX 1,996 ($32.89) price target on the stock, down previously from GBX 2,660 ($43.83). Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company. Diageo presently has an average rating of “Buy” and an average price target of GBX 2,097.75 ($34.57).

Shares of Diageo (LON:DGE) opened at 1775.4999 on Friday. Diageo has a 52-week low of GBX 1809.4999 and a 52-week high of GBX 2152.50. The stock has a 50-day moving average of GBX 1951. and a 200-day moving average of GBX 1986.. The company’s market cap is £44.444 billion.

The company also recently announced a dividend, which is scheduled for Monday, April 7th. Stockholders of record on Wednesday, February 26th will be paid a dividend of GBX 19.70 ($0.32) per share. This represents a dividend yield of 1.08%. The ex-dividend date is Wednesday, February 26th.

Diageo plc (LON:DGE) is engaged in drinks business.

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