Diageo plc (DGE) Price Target Raised to GBX 2,540 at BNP Paribas
Diageo plc (LON:DGE) had its price target raised by BNP Paribas from GBX 2,300 ($28.03) to GBX 2,540 ($30.96) in a research report released on Monday. They currently have an outperform rating on the stock.
Several other research firms have also recently commented on DGE. Liberum Capital began coverage on Diageo plc in a research report on Monday, October 3rd. They set a hold rating and a GBX 2,182 ($26.59) price objective on the stock. S&P Global Inc. set a GBX 2,400 ($29.25) price objective on Diageo plc and gave the company a buy rating in a research report on Thursday, July 28th. Barclays PLC reissued an equal weight rating and issued a GBX 2,150 ($26.20) target price on shares of Diageo plc in a research report on Friday, July 29th. Goldman Sachs Group Inc. set a GBX 2,150 ($26.20) target price on Diageo plc and gave the stock a neutral rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 2,240 ($27.30) target price on shares of Diageo plc in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 2,179.13 ($26.56).
Diageo plc (LON:DGE) opened at 2192.25 on Monday. The stock’s 50 day moving average price is GBX 2,168.29 and its 200 day moving average price is GBX 2,026.99. The stock’s market cap is GBX 55.03 billion. Diageo plc has a one year low of GBX 1,724.50 and a one year high of GBX 2,286.50.
The company also recently announced a dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, August 11th were issued a GBX 36.60 ($0.45) dividend. This represents a dividend yield of 1.67%. This is a boost from Diageo plc’s previous dividend of $22.60. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Franz B. Humer bought 369 shares of the stock in a transaction on Monday, October 10th. The stock was acquired at an average cost of GBX 2,242 ($27.32) per share, for a total transaction of £8,272.98 ($10,082.85). Also, insider Javier Ferran bought 18,500 shares of the stock in a transaction on Thursday, September 29th. The stock was purchased at an average price of GBX 2,221 ($27.07) per share, with a total value of £410,885 ($500,773.92).
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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