Analysts Set Diageo plc (LON:DGE) Target Price at $2,164.96
Diageo plc (LON:DGE) has earned an average rating of “Hold” from the twenty-seven brokerages that are presently covering the firm. Two equities research 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 average 1-year price target among analysts that have covered the stock in the last year is GBX 2,164.96 ($28.26).
Several equities analysts recently issued reports on the company. Beaufort Securities restated a “buy” rating on shares of Diageo plc in a research report on Friday, July 29th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,240 ($29.24) price target on shares of Diageo plc in a research report on Monday, June 27th. BNP Paribas restated an “outperform” rating and set a GBX 2,300 ($30.02) price target on shares of Diageo plc in a research report on Thursday, September 15th. Kepler Capital Markets raised their price target on Diageo plc from GBX 1,980 ($25.85) to GBX 2,150 ($28.06) and gave the stock a “hold” rating in a research report on Friday, July 29th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 2,150 ($28.06) price target on shares of Diageo plc in a research report on Wednesday, September 21st.
In other news, insider Javier Ferran acquired 18,500 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were bought at an average cost of GBX 2,221 ($28.99) per share, with a total value of £410,885 ($536,333.38).
Diageo plc (LON:DGE) opened at 2220.00 on Tuesday. Diageo plc has a 1-year low of GBX 1,724.50 and a 1-year high of GBX 2,286.50. The company has a 50 day moving average price of GBX 2,158.75 and a 200-day moving average price of GBX 2,009.80. The firm’s market capitalization is GBX 55.73 billion.
The company also recently disclosed a dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, August 11th were given a dividend of GBX 36.60 ($0.48) per share. This represents a yield of 1.67%. This is an increase from Diageo plc’s previous dividend of $22.60. The ex-dividend date of this dividend was Thursday, August 11th.
Diageo plc Company Profile
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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