Diageo (NYSE:DEO) Price Target Cut to GBX 4,700

Diageo (NYSE:DEOGet Rating) had its price objective reduced by Barclays from GBX 4,800 ($61.18) to GBX 4,700 ($59.90) in a research report released on Friday morning, The Fly reports.

A number of other equities research analysts have also recently weighed in on DEO. Royal Bank of Canada lifted their price objective on shares of Diageo from GBX 3,100 ($39.51) to GBX 3,200 ($40.79) in a research note on Friday, January 28th. JPMorgan Chase & Co. upgraded shares of Diageo from a neutral rating to an overweight rating in a research report on Thursday, March 17th. Credit Suisse Group boosted their price target on shares of Diageo from GBX 4,500 ($57.35) to GBX 4,700 ($59.90) in a research report on Wednesday, April 6th. StockNews.com upgraded shares of Diageo from a hold rating to a buy rating in a research report on Wednesday, April 13th. Finally, Zacks Investment Research cut shares of Diageo from a buy rating to a hold rating and set a $202.00 price target on the stock. in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $2,921.17.

Shares of NYSE DEO opened at $204.62 on Friday. Diageo has a fifty-two week low of $175.46 and a fifty-two week high of $223.14. The firm’s 50-day simple moving average is $198.62 and its 200 day simple moving average is $203.75. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.70 and a current ratio of 1.52.

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 12th. Shareholders of record on Friday, February 25th were issued a dividend of $1.5714 per share. The ex-dividend date of this dividend was Thursday, February 24th. This represents a yield of 1.9%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its holdings in Diageo by 41.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 172 shares of the company’s stock worth $38,000 after buying an additional 50 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in Diageo by 0.4% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,298 shares of the company’s stock worth $3,148,000 after buying an additional 51 shares during the period. First National Bank of Hutchinson grew its stake in Diageo by 3.1% during the 4th quarter. First National Bank of Hutchinson now owns 1,676 shares of the company’s stock valued at $369,000 after acquiring an additional 51 shares in the last quarter. Evoke Wealth LLC grew its stake in Diageo by 9.3% during the 3rd quarter. Evoke Wealth LLC now owns 610 shares of the company’s stock valued at $119,000 after acquiring an additional 52 shares in the last quarter. Finally, Welch & Forbes LLC grew its stake in Diageo by 0.6% during the 4th quarter. Welch & Forbes LLC now owns 8,984 shares of the company’s stock valued at $1,977,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 9.23% of the company’s stock.

About Diageo (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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