Diageo plc Stock Rating Reaffirmed by Canaccord Genuity (DGE)
Diageo plc (LON:DGE)‘s stock had its “sell” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. They currently have a GBX 1,540 ($25.91) target price on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 9.92% from the company’s current price.
Diageo plc (LON:DGE) traded down 1.64% during mid-day trading on Friday, hitting GBX 1709.4999. The stock had a trading volume of 6,755,388 shares. Diageo plc has a one year low of GBX 950.00 and a one year high of GBX 2110.50. The stock has a 50-day moving average of GBX 1828.68 and a 200-day moving average of 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. 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,968.56 ($33.12).
Diageo plc (LON:DGE) is engaged in drinks business.
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