Sanford C. Bernstein Reiterates “Outperform” Rating for Diageo (DGE)
Diageo (LON:DGE)‘s stock had its “outperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 2,440 ($40.10) target price on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 34.07% from the company’s current price.
Shares of Diageo (LON:DGE) traded up 2.36% during mid-day trading on Thursday, hitting GBX 1820.0001. The stock had a trading volume of 4,571,611 shares. Diageo has a one year low of GBX 1691.00 and a one year high of GBX 2152.50. The stock’s 50-day moving average is GBX 1939. and its 200-day moving average is GBX 1979.. The company’s market cap is £45.627 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.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Diageo from GBX 2,000 ($32.87) to GBX 2,850 ($46.84) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Diageo to a “hold” rating in a research note to investors on Friday, January 31st. They now have a GBX 1,900 ($31.22) price target on the stock, down previously from GBX 2,200 ($36.15). Finally, analysts at RBC Capital cut their price target on shares of Diageo from GBX 2,000 ($32.87) to GBX 1,800 ($29.58) in a research note to investors on Friday, January 31st. They now have a “sector performer” 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 currently has an average rating of “Buy” and an average target price of GBX 2,126.32 ($34.94).
Diageo plc (LON:DGE) is engaged in drinks business.
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