Diageo plc Given “Outperform” Rating at Sanford C. Bernstein (DGE)
Diageo plc (LON:DGE)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 2,210 ($37.19) price target on the stock. Sanford C. Bernstein’s target price points to a potential upside of 27.16% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 1,540 ($25.91) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 1,950 ($32.81) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Diageo plc from GBX 1,600 ($26.92) to GBX 1,500 ($25.24) in a research note on Wednesday. They now have an “underperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Diageo plc has a consensus rating of “Hold” and an average target price of GBX 1,968.56 ($33.12).
Shares of Diageo plc (LON:DGE) opened at 1715.00 on Friday. Diageo plc has a 52 week low of GBX 1691.00 and a 52 week high of GBX 2122.50. The stock’s 50-day moving average is GBX 1832. and its 200-day moving average is GBX 1856.. The company’s market cap is £42.961 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 32 ($0.54) per share. This represents a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 13th.
Diageo plc (LON:DGE) is engaged in drinks business.
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