Diageo PLC (NYSE:DEO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $111.03, but opened at $112.73. Diageo PLC shares last traded at $115.77, with a volume of 531,900 shares trading hands.

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

The firm’s 50-day moving average price is $114.43 and its 200-day moving average price is $109.59. The company has a market capitalization of $72.66 billion and a price-to-earnings ratio of 24.63.

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

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