Diageo plc Rating Reiterated 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 Wednesday. They currently have a GBX 1,540 ($25.56) price target on the stock. Canaccord Genuity’s price target would indicate a potential downside of 13.73% from the company’s current price.
Diageo plc (LON:DGE) opened at 1809.4999 on Wednesday. Diageo plc has a one year low of GBX 1691.00 and a one year high of GBX 2085.50. The stock has a 50-day moving average of GBX 1777.93 and a 200-day moving average of GBX 1841.. The company’s market cap is £45.260 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.
DGE has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “underperform” rating on shares of Diageo plc in a research note on Wednesday, August 27th. They now have a GBX 1,500 ($24.89) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Diageo plc in a research note on Tuesday, August 26th. They now have a GBX 2,050 ($34.02) 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 22nd. They now have a GBX 2,210 ($36.67) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,968.56 ($32.67).
Diageo plc (LON:DGE) is engaged in drinks business.
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