Barclays Reiterates Overweight Rating for Diageo plc (DEO)
Shares of Diageo plc (NYSE:DEO) traded down 0.56% during mid-day trading on Tuesday, hitting $118.25. The stock had a trading volume of 383,338 shares. Diageo plc has a 52-week low of $114.51 and a 52-week high of $134.08. The stock’s 50-day moving average is $121.7 and its 200-day moving average is $124.2. The company has a market cap of $73.942 billion and a price-to-earnings ratio of 20.09.
The company also recently announced a special dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Friday, August 15th will be paid a dividend of $2.158 per share. This represents a dividend yield of 2.19%. The ex-dividend date is Wednesday, August 13th.
DEO has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Diageo plc in a research note on Friday, August 8th. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Diageo plc in a research note on Friday, August 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Diageo plc in a research note on Thursday, August 7th. They now have a $125.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Diageo plc has an average rating of “Hold” and an average price target of $125.00.
Diageo plc (NYSE:DEO) is engaged in drinks business.
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