Diageo plc Price Target Cut to GBX 1,950 (DGE)
Equities researchers at Goldman Sachs decreased their target price on shares of Diageo plc (LON:DGE) from GBX 1,996 ($32.75) to GBX 1,950 ($31.99) in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ price target would suggest a potential upside of 6.06% from the company’s current price.
Shares of Diageo plc (LON:DGE) traded up 1.02% during mid-day trading on Thursday, hitting GBX 1838.50. 3,128,242 shares of the company’s stock traded hands. Diageo plc has a one year low of GBX 1691.00 and a one year high of GBX 2152.50. The stock has a 50-day moving average of GBX 1919. and a 200-day moving average of GBX 1972.. The company’s market cap is £46.091 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.
A number of other analysts have also recently weighed in on DGE. Analysts at Raymond James reiterated an “outperform” rating on shares of Diageo plc in a research note on Monday. They now have a GBX 2,095 ($34.37) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo plc in a research note on Thursday, February 6th. They now have a GBX 2,440 ($40.03) price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of Diageo plc from GBX 2,000 ($32.81) to GBX 2,850 ($46.76) in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the company. Diageo plc presently has an average rating of “Buy” and a consensus price target of GBX 2,117.36 ($34.74).
Diageo plc (LON:DGE) is engaged in drinks business.
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