Diageo plc Receives Neutral Rating from Credit Suisse (DGE)
Diageo plc (LON:DGE)‘s stock had its “neutral” rating reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a GBX 1,950 ($32.81) target price on the stock. Credit Suisse’s target price would indicate a potential upside of 14.07% from the company’s current price.
Shares of Diageo plc (LON:DGE) traded down 1.64% on Friday, hitting GBX 1709.4999. The stock had a trading volume of 6,755,388 shares. Diageo plc has a 52-week low of GBX 950.00 and a 52-week high of GBX 2110.50. The stock’s 50-day moving average is GBX 1828.68 and its 200-day moving average is GBX 1855.. The company’s market cap is £42.823 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 2nd. Stockholders 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.
A number of other analysts have also recently weighed in on DGE. 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. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Diageo plc in a research note on Friday, August 1st. They now have a GBX 1,650 ($27.76) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research note on Friday, August 1st. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,968.56 ($33.12).
Diageo plc (LON:DGE) is engaged in drinks business.
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