Diageo plc (DGE) Stock Rating Reaffirmed by Jefferies Group
Diageo plc (LON:DGE)‘s stock had its “buy” rating reiterated by Jefferies Group in a report released on Wednesday. They presently have a GBX 2,500 ($32.63) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 13.17% from the company’s previous close.
A number of other research firms also recently commented on DGE. Shore Capital reaffirmed a “buy” rating on shares of Diageo plc in a report on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,240 ($29.24) target price on shares of Diageo plc in a report on Tuesday, July 5th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,200 ($28.72) target price on shares of Diageo plc in a report on Friday, July 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,350 ($30.67) target price on shares of Diageo plc in a report on Monday, July 4th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 2,250 ($29.37) target price on shares of Diageo plc in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,157.38 ($28.16).
Diageo plc (LON:DGE) opened at 2218.50 on Wednesday. The company’s market capitalization is GBX 55.69 billion. Diageo plc has a 1-year low of GBX 1,705.00 and a 1-year high of GBX 2,218.50. The firm has a 50-day moving average price of GBX 2,144.50 and a 200 day moving average price of GBX 1,985.21.
The company also recently disclosed a dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, August 11th will be issued a GBX 36.60 ($0.48) dividend. This represents a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, August 11th. This is an increase 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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