Diageo plc Earns Underperform Rating from RBC Capital (DGE)
Diageo plc (LON:DGE)‘s stock had its “underperform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 1,500 ($24.82) target price on the stock. RBC Capital’s price target would indicate a potential downside of 14.82% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Diageo plc in a research note on Tuesday. They now have a GBX 2,050 ($33.92) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo plc in a research note on Friday, August 22nd. They now have a GBX 2,210 ($36.57) price target on the stock. Finally, 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 ($36.57) 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,968.56 ($32.58).
Shares of Diageo plc (LON:DGE) opened at 1759.00 on Wednesday. Diageo plc has a one year low of GBX 1691.00 and a one year high of GBX 2085.50. The stock’s 50-day moving average is GBX 1790.18 and its 200-day moving average is GBX 1843.. The company’s market cap is £43.996 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 ($0.53) per share. This represents a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 13th.
Diageo plc (LON:DGE) is engaged in drinks business.
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