Diageo plc Receives “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 Thursday. They currently have a GBX 1,500 ($24.89) price target on the stock. RBC Capital’s target price indicates a potential downside of 16.78% from the company’s current price.
Diageo plc (LON:DGE) opened at 1813.50 on Thursday. Diageo plc has a 1-year low of GBX 1691.00 and a 1-year high of GBX 2085.50. The stock has a 50-day moving average of GBX 1776.18 and a 200-day moving average of GBX 1841.. The company’s market cap is £45.360 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Investors 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.
A number of other analysts have also recently weighed in on DGE. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Diageo plc in a research note on Wednesday. They now have a GBX 1,540 ($25.56) 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 analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Diageo plc presently has an average rating of “Hold” and an average price target of GBX 1,968.56 ($32.67).
Diageo plc (LON:DGE) is engaged in drinks business.
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