Diageo plc (DGE) Earns Hold Rating from Analysts at Liberum Capital
Liberum Capital started coverage on shares of Diageo plc (LON:DGE) in a research note issued to investors on Monday. The firm set a “hold” rating and a GBX 2,182 ($28.48) price target on the stock. Liberum Capital’s price target would indicate a potential downside of 1.29% from the stock’s current price.
Several other equities research analysts also recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Diageo plc in a research note on Thursday, July 28th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,240 ($29.24) target price on shares of Diageo plc in a research note on Tuesday, July 5th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 2,200 ($28.72) target price on shares of Diageo plc in a research note on Friday, July 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,350 ($30.67) target price on shares of Diageo plc in a research note on Monday, July 4th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 2,250 ($29.37) target price on shares of Diageo plc in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,164.96 ($28.26).
Diageo plc (LON:DGE) opened at 2241.50 on Monday. The firm’s market capitalization is GBX 56.27 billion. The stock has a 50 day moving average price of GBX 2,152.38 and a 200 day moving average price of GBX 2,000.19. Diageo plc has a one year low of GBX 1,724.50 and a one year high of GBX 2,243.00.
The company also recently announced 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 is a positive change from Diageo plc’s previous dividend of $22.60. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 1.67%.
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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