Deutsche Bank Reiterates “Buy” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a GBX 2,050 ($34.81) target price on the stock. Deutsche Bank’s price target indicates a potential upside of 15.30% from the stock’s previous close.
Shares of Diageo plc (LON:DGE) traded down 0.45% on Friday, hitting GBX 1778.0001. The stock had a trading volume of 4,157,262 shares. Diageo plc has a 52-week low of GBX 950.00 and a 52-week high of GBX 2152.50. The stock has a 50-day moving average of GBX 1848. and a 200-day moving average of GBX 1863.. The company’s market cap is £44.539 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Stockholders 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.
A number of other analysts have also recently weighed in on DGE. Analysts at Canaccord Genuity downgraded shares of Diageo plc to a “sell” rating in a research note on Thursday. They now have a GBX 1,540 ($26.15) price target on the stock, down previously from GBX 1,835 ($31.16). Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Diageo plc in a research note on Thursday. They now have a GBX 1,900 ($32.26) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Diageo plc in a research note on Wednesday. They now have a GBX 2,150 ($36.51) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,972.26 ($33.49).
Diageo plc (LON:DGE) is engaged in drinks business.
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