Barclays Reiterates Overweight Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Friday, AnalystRatings.Net reports. They currently have a GBX 2,000 ($33.52) price target on the stock. Barclays’ price objective indicates a potential upside of 5.57% from the company’s current price.
DGE has been the subject of a number of other recent research reports. Analysts at Goldman Sachs cut their price target on shares of Diageo plc from GBX 1,996 ($33.45) to GBX 1,950 ($32.68) in a research note on Thursday, February 13th. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Diageo plc in a research note on Monday, February 10th. They now have a GBX 2,095 ($35.11) price target on the stock. Finally, 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 ($40.89) price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 2,111.11 ($35.38).
Shares of Diageo plc (LON:DGE) opened at 1894.50 on Friday. Diageo plc has a 52-week low of GBX 1691.00 and a 52-week high of GBX 2152.50. The stock’s 50-day moving average is GBX 1906. and its 200-day moving average is GBX 1966.. The company’s market cap is £47.495 billion.
The company also recently announced a dividend, which is scheduled for Monday, April 7th. Shareholders of record on Wednesday, February 26th will be paid a dividend of GBX 19.70 ($0.33) per share. This represents a dividend yield of 1.08%. The ex-dividend date is Wednesday, February 26th.
Diageo plc (LON:DGE) is engaged in drinks business.
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