Barclays Reaffirms “Overweight” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 2,050 ($33.92) target price on the stock. Barclays’ target price indicates a potential upside of 16.81% from the stock’s previous close.
Diageo plc (LON:DGE) opened at 1756.00 on Tuesday. Diageo plc has a 52-week low of GBX 1691.00 and a 52-week high of GBX 2085.50. The stock has a 50-day moving average of GBX 1790. and a 200-day moving average of GBX 1844.. The company’s market cap is £43.921 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 32 ($0.53) per share. This represents a dividend yield of 1.79%. The ex-dividend date is Wednesday, August 13th.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo plc in a research note on Friday. They now have a GBX 2,210 ($36.57) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Diageo plc in a research note on Thursday, August 14th. They now have a GBX 1,500 ($24.82) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,968.56 ($32.58).
Diageo plc (LON:DGE) is engaged in drinks business.
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