Numis Securities Ltd Downgrades Diageo to Hold (DGE)
Diageo (LON:DGE) was downgraded by Numis Securities Ltd to a “hold” rating in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a GBX 1,900 ($31.31) price target on the stock, down from their previous price target of GBX 2,200 ($36.25). Numis Securities Ltd’s target price would suggest a potential upside of 6.46% from the stock’s previous close.
A number of other firms have also recently commented on DGE. Analysts at RBC Capital cut their price target on shares of Diageo from GBX 2,000 ($32.95) to GBX 1,800 ($29.66) in a research note to investors on Friday. They now have a “sector performer” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,097.75 ($34.57).
Diageo (LON:DGE) traded down 1.94% on Friday, hitting GBX 1784.6991. The stock had a trading volume of 9,346,759 shares. Diageo has a 52 week low of GBX 1809.4999 and a 52 week high of GBX 2152.50. The stock’s 50-day moving average is GBX 1948. and its 200-day moving average is GBX 1985.. The company’s market cap is £44.674 billion.
The company also recently declared a dividend, which is scheduled for Monday, April 7th. Shareholders 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.
Diageo plc (LON:DGE) is engaged in drinks business.
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