Diageo plc Given “Sell” Rating at Societe Generale (DGE)
Diageo plc (LON:DGE)‘s stock had its “sell” rating restated by investment analysts at Societe Generale in a note issued to investors on Friday. They currently have a GBX 1,650 ($28.02) price objective on the stock. Societe Generale’s target price points to a potential downside of 7.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research note on Friday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 2,050 ($34.81) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 2,050 ($34.81) price target on the stock. Six analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,972.26 ($33.49).
Shares of Diageo plc (LON:DGE) opened at 1761.00 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 1851. and its 200-day moving average is GBX 1863.93. The company’s market cap is £44.148 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Investors of record on Wednesday, August 13th will be paid a dividend of GBX 32 ($0.54) per share. This represents a dividend yield of 1.79%. The ex-dividend date is Wednesday, August 13th.
Diageo plc (LON:DGE) is engaged in drinks business.
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