The Diageo PLC (DEO) Now Covered by Credit Agricole SA

The Diageo PLC (DEO) Now Covered by Credit Agricole SA

Equities researchers at Credit Agricole SA assumed coverage on shares of Diageo PLC (NYSE:DEO) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $130.00 price target on the stock. Credit Agricole SA’s price objective would suggest a potential upside of 15.39% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Liberum Capital initiated coverage on shares of Diageo PLC in a research report on Monday, October 3rd. They set a “hold” rating on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Goldman Sachs Group Inc. upgraded shares of Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Finally, Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $135.78.

Shares of Diageo PLC (NYSE:DEO) opened at 112.66 on Thursday. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The stock’s 50 day moving average price is $114.41 and its 200-day moving average price is $111.14. The company has a market cap of $70.70 billion, a PE ratio of 24.53 and a beta of 0.78.

The business also recently announced a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEO. Advisory Services Network LLC increased its position in Diageo PLC by 88.9% in the third quarter. Advisory Services Network LLC now owns 5,192 shares of the company’s stock worth $602,000 after buying an additional 2,444 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE increased its position in Diageo PLC by 1.6% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 6,465 shares of the company’s stock worth $750,000 after buying an additional 100 shares in the last quarter. Stokes & Hubbell Capital Management LLC increased its position in Diageo PLC by 1.9% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 19,855 shares of the company’s stock worth $2,304,000 after buying an additional 375 shares in the last quarter. Eqis Capital Management Inc. increased its position in Diageo PLC by 31.5% in the third quarter. Eqis Capital Management Inc. now owns 6,724 shares of the company’s stock worth $780,000 after buying an additional 1,611 shares in the last quarter. Finally, Washington Trust Bank increased its position in Diageo PLC by 9.5% in the third quarter. Washington Trust Bank now owns 1,359 shares of the company’s stock worth $158,000 after buying an additional 118 shares in the last quarter. 10.97% of the stock is owned by hedge funds and other institutional investors.

Diageo PLC Company Profile

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