Diageo plc’s (DGE) Equal Weight Rating Reiterated at Barclays PLC
Diageo plc (LON:DGE)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays PLC in a report released on Wednesday. They currently have a GBX 2,150 ($28.06) price objective on the stock. Barclays PLC’s target price indicates a potential downside of 1.42% from the company’s current price.
Other equities analysts have also issued research reports about the company. Societe Generale reiterated a “sell” rating on shares of Diageo plc in a research report on Wednesday, June 1st. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 2,130 ($27.80) price target on shares of Diageo plc in a research report on Friday, June 17th. Goldman Sachs Group Inc. upgraded Diageo plc to a “neutral” rating and set a GBX 1,925 ($25.13) price target for the company in a research report on Tuesday, June 28th. BNP Paribas reiterated an “outperform” rating and issued a GBX 2,300 ($30.02) price target on shares of Diageo plc in a research report on Friday, September 9th. Finally, Shore Capital reiterated a “buy” rating on shares of Diageo plc in a research report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Diageo plc currently has a consensus rating of “Hold” and an average target price of GBX 2,156.38 ($28.15).
Shares of Diageo plc (LON:DGE) opened at 2180.08 on Wednesday. The stock’s market cap is GBX 54.73 billion. The stock’s 50 day moving average price is GBX 2,142.20 and its 200-day moving average price is GBX 1,982.63. Diageo plc has a one year low of GBX 1,705.00 and a one year high of GBX 2,218.00.
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The company also recently disclosed a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, August 11th will be issued a dividend of GBX 36.60 ($0.48) per share. This represents a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from Diageo plc’s previous dividend of $22.60.
Diageo plc Company Profile
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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