Todays Report: The Diageo PLC (DEO) Coverage Initiated at Credit Agricole SA

The Diageo PLC (DEO) Coverage Initiated at Credit Agricole SA

Credit Agricole SA assumed coverage on shares of Diageo PLC (NYSE:DEO) in a report released on Thursday morning. The brokerage issued a buy rating and a $130.00 target price on the stock.

DEO has been the topic of several other reports. Bank of America Corp. reiterated a buy rating on shares of Diageo PLC in a research note on Friday, September 16th. Zacks Investment Research downgraded Diageo PLC from a hold rating to a strong sell rating in a research note on Wednesday, October 5th. Liberum Capital began coverage on Diageo PLC in a research note on Monday, October 3rd. They issued a hold rating on the stock. JPMorgan Chase & Co. restated a buy rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Finally, Beaufort Securities restated a buy rating on shares of Diageo PLC in a research note on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $135.78.

Shares of Diageo PLC (NYSE:DEO) opened at 109.99 on Thursday. The firm has a 50-day moving average price of $114.20 and a 200-day moving average price of $111.25. Diageo PLC has a 52 week low of $99.59 and a 52 week high of $117.95. The firm has a market cap of $69.03 billion, a PE ratio of 24.27 and a beta of 0.78.

The firm also recently declared a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.

A number of large investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. boosted its stake in Diageo PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,564 shares of the company’s stock worth $181,000 after buying an additional 12 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Diageo PLC by 12.1% in the third quarter. Raymond James Trust N.A. now owns 7,830 shares of the company’s stock worth $908,000 after buying an additional 848 shares in the last quarter. Dynamic Advisors Solutions LLC acquired a new stake in Diageo PLC during the third quarter worth approximately $491,000. Gofen & Glossberg LLC IL boosted its stake in Diageo PLC by 9.7% in the third quarter. Gofen & Glossberg LLC IL now owns 2,832 shares of the company’s stock worth $329,000 after buying an additional 250 shares in the last quarter. Finally, Searle & CO. acquired a new stake in Diageo PLC during the third quarter worth approximately $477,000. 10.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo PLC Company Profile

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