Diageo plc (DGE) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Diageo plc (LON:DGE) in a research note issued to investors on Friday morning. JPMorgan Chase & Co. currently has a GBX 2,500 ($30.88) target price on the stock.

DGE has been the subject of a number of other research reports. Goldman Sachs Group Inc set a GBX 2,185 ($26.99) target price on shares of Diageo plc and gave the stock a neutral rating in a report on Friday, January 13th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 2,300 ($28.41) target price on shares of Diageo plc in a report on Saturday, December 3rd. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 2,370 ($29.27) target price on shares of Diageo plc in a report on Friday, November 25th. Bryan, Garnier & Co reaffirmed a neutral rating and set a GBX 2,150 ($26.55) target price on shares of Diageo plc in a report on Wednesday, January 4th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a GBX 2,600 ($32.11) target price on shares of Diageo plc in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 2,311.43 ($28.55).

Diageo plc (LON:DGE) traded up 0.39% during midday trading on Friday, hitting GBX 2328.00. 2,431,423 shares of the stock traded hands. The stock has a 50-day moving average of GBX 2,255.96 and a 200 day moving average of GBX 2,151.12. Diageo plc has a 52-week low of GBX 1,737.00 and a 52-week high of GBX 2,348.09. The firm’s market cap is GBX 58.46 billion.

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The business also recently announced a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, February 23rd will be given a GBX 23.70 ($0.29) dividend. The ex-dividend date is Thursday, February 23rd. This represents a yield of 1.07%.

About Diageo plc

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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