Diageo PLC (NYSE:DEO) shares gapped up before the market opened on Friday . The stock had previously closed at $111.03, but opened at $112.73. Diageo PLC shares last traded at $115.81, with a volume of 331,264 shares changing hands.

DEO has been the subject of several research reports. Societe Generale reissued a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. Goldman Sachs Group Inc. raised shares of Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. HSBC reissued a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Zacks Investment Research cut shares of Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Finally, Barclays PLC cut shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $128.86.

The firm has a 50-day moving average price of $114.43 and a 200 day moving average price of $109.59. The company has a market capitalization of $72.66 billion and a PE ratio of 24.63.

The business also recently announced a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be paid a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.