Liberum Capital Initiates Coverage on Diageo plc (DGE)
Analysts at Liberum Capital began coverage on shares of Diageo plc (LON:DGE) in a research note issued on Monday. The brokerage set a “hold” rating and a GBX 2,182 ($28.48) price target on the stock. Liberum Capital’s price objective suggests a potential downside of 3.79% from the company’s current price.
Several other equities research analysts have also weighed in on the company. Beaufort Securities reiterated a “buy” rating on shares of Diageo plc in a research note on Thursday, September 22nd. Societe Generale reiterated a “hold” rating and issued a GBX 2,308 ($30.13) price objective on shares of Diageo plc in a research note on Wednesday, September 21st. Jefferies Group reiterated a “buy” rating and issued a GBX 2,500 ($32.63) price objective on shares of Diageo plc in a research note on Wednesday, September 21st. Barclays PLC reiterated an “equal weight” rating and issued a GBX 2,150 ($28.06) price objective on shares of Diageo plc in a research note on Wednesday, September 21st. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 2,300 ($30.02) price objective on shares of Diageo plc in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 2,164.96 ($28.26).
Diageo plc (LON:DGE) opened at 2244.00 on Monday. The firm’s market capitalization is GBX 56.33 billion. The company has a 50 day moving average price of GBX 2,156.49 and a 200-day moving average price of GBX 2,005.81. Diageo plc has a one year low of GBX 1,724.50 and a one year high of GBX 2,286.50.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, August 11th will be paid a dividend of GBX 36.60 ($0.48) per share. This represents a dividend yield of 1.67%. This is an increase from Diageo plc’s previous dividend of $22.60. The ex-dividend date is Thursday, August 11th.
In other Diageo plc news, insider Javier Ferran acquired 18,500 shares of Diageo plc stock in a transaction dated Thursday, September 29th. The stock was bought at an average cost of GBX 2,221 ($28.99) per share, for a total transaction of £410,885 ($536,333.38).
About Diageo plc
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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