Diageo plc Rating Reiterated by Barclays (DGE)
Diageo plc (LON:DGE)‘s stock had its “overweight” rating restated by analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a GBX 2,050 ($34.81) target price on the stock. Barclays’ price target would indicate a potential upside of 15.30% from the stock’s previous close.
Diageo plc (LON:DGE) traded down 0.45% on Friday, hitting GBX 1778.0001. 4,157,262 shares of the company’s stock traded hands. Diageo plc has a one year low of GBX 950.00 and a one year 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. 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.
A number of other firms have also recently commented on DGE. 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. Separately, 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). Finally, 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. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. Diageo plc presently has a consensus rating of “Hold” and an average price target of GBX 1,972.26 ($33.49).
Diageo plc (LON:DGE) is engaged in drinks business.
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