RBC Capital Reiterates Underperform Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “underperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Thursday. They currently have a GBX 1,500 ($25.16) price objective on the stock. RBC Capital’s price objective indicates a potential downside of 13.72% from the stock’s previous close.
Diageo plc (LON:DGE) opened at 1720.9999 on Thursday. Diageo plc has a 1-year low of GBX 1691.00 and a 1-year high of GBX 2091.00. The stock has a 50-day moving average of GBX 1818. and a 200-day moving average of GBX 1848.. The company’s market cap is £43.111 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo plc in a research note on Friday, August 8th. They now have a GBX 2,210 ($37.07) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Diageo plc in a research note on Friday, August 8th. They now have a GBX 1,540 ($25.83) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Diageo plc in a research note on Friday, August 8th. They now have a GBX 1,950 ($32.71) price target on the stock. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,968.56 ($33.02).
Diageo plc (LON:DGE) is engaged in drinks business.
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