Diageo plc (DGE) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Diageo plc (LON:DGE)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a GBX 2,500 ($30.88) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 7.39% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Whitman Howard reiterated a “hold” rating and set a GBX 2,250 ($27.79) target price on shares of Diageo plc in a research note on Wednesday, December 14th. Barclays PLC upped their target price on shares of Diageo plc from GBX 2,285 ($28.22) to GBX 2,300 ($28.41) and gave the company an “equal weight” rating in a research note on Friday, January 27th. Jefferies Group LLC upped their target price on shares of Diageo plc from GBX 2,300 ($28.41) to GBX 2,500 ($30.88) and gave the company a “buy” rating in a research note on Wednesday, January 18th. Goldman Sachs Group Inc set a GBX 2,185 ($26.99) target price on shares of Diageo plc and gave the company a “neutral” rating in a research note on Friday, January 20th. Finally, Berenberg Bank upped their target price on shares of Diageo plc from GBX 2,140 ($26.43) to GBX 2,430 ($30.01) and gave the company a “buy” rating in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,311.43 ($28.55).
Diageo plc (LON:DGE) opened at 2312.00 on Friday. Diageo plc has a 1-year low of GBX 1,737.00 and a 1-year high of GBX 2,348.09. The stock’s market cap is GBX 58.05 billion. The stock has a 50 day moving average price of GBX 2,259.35 and a 200 day moving average price of GBX 2,152.81.
The business also recently disclosed a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, February 23rd will be issued a dividend of GBX 23.70 ($0.29) per share. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 23rd.
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Diageo plc Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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