Goldman Sachs Group Inc. Downgrades Diageo to Neutral (DGE)
Diageo (LON:DGE) was downgraded by Goldman Sachs Group Inc. to a “neutral” rating in a research note issued on Friday, AnalystRatings.Net reports. They currently have a GBX 1,996 ($32.89) price target on the stock, down from their previous price target of GBX 2,660 ($43.83). Goldman Sachs Group Inc.’s target price would suggest a potential upside of 11.84% from the company’s current price.
Diageo (LON:DGE) opened at 1784.6991 on Friday. 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.
A number of other firms have also recently commented on DGE. 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. Separately, 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. Finally, analysts at Nomura cut their price target on shares of Diageo from GBX 2,200 ($36.25) to GBX 2,050 ($33.78) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the company. Diageo has an average rating of “Buy” and an average target price of GBX 2,097.75 ($34.57).
Diageo plc (LON:DGE) is engaged in drinks business.
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