Diageo Price Target Lowered to GBX 1,900 at BNP Paribas (DGE)
Research analysts at BNP Paribas cut their price target on shares of Diageo (LON:DGE) from GBX 2,170 ($35.76) to GBX 1,900 ($31.31) in a report released on Friday, ARN reports. The firm currently has an “outperform” rating on the stock. BNP Paribas’ price objective indicates a potential upside of 6.46% from the company’s current price.
DGE has been the subject of a number of other recent research reports. 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). Separately, analysts at Canaccord Genuity cut their price target on shares of Diageo from GBX 1,900 ($31.31) to GBX 1,835 ($30.24) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 1,850 ($30.48) price target on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the company’s stock. Diageo has a consensus rating of “Buy” and an average price target of GBX 2,097.75 ($34.57).
Shares of Diageo (LON:DGE) opened at 1784.6991 on Friday. Diageo has a one year low of GBX 1809.4999 and a one year high of GBX 2152.50. The stock has a 50-day moving average of GBX 1948. and a 200-day moving average of 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. Stockholders 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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