Liberum Capital Reiterates Sell Rating for Diageo plc (DGE)
DGE has been the topic of several other research reports. J P Morgan Chase & Co set a GBX 2,500 ($33.71) price target on Diageo plc and gave the company a buy rating in a report on Friday, July 28th. Shore Capital restated a buy rating on shares of Diageo plc in a report on Thursday, June 22nd. UBS AG set a GBX 2,880 ($38.83) price target on Diageo plc and gave the company a buy rating in a report on Wednesday, August 30th. Credit Suisse Group increased their price target on Diageo plc from GBX 2,700 ($36.40) to GBX 2,840 ($38.29) and gave the company an outperform rating in a report on Tuesday, September 12th. Finally, Deutsche Bank AG set a GBX 2,175 ($29.32) price target on Diageo plc and gave the company a neutral rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Diageo plc currently has a consensus rating of Buy and an average target price of GBX 2,560.36 ($34.52).
Diageo plc (LON:DGE) opened at 2436.50 on Wednesday. The company has a 50 day moving average of GBX 2,538.31 and a 200 day moving average of GBX 2,359.93. Diageo plc has a 52 week low of GBX 1,946.00 and a 52 week high of GBX 2,616.00. The stock’s market capitalization is GBX 61.24 billion.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be given a dividend of GBX 38.50 ($0.52) per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.6%. This is an increase from Diageo plc’s previous dividend of $23.70.
In other Diageo plc news, insider Alan Stewart purchased 4,076 shares of the stock in a transaction on Friday, July 28th. The stock was acquired at an average price of GBX 2,465 ($33.23) per share, with a total value of £100,473.40 ($135,463.66). Also, insider Javier Ferran purchased 65,000 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of GBX 2,503 ($33.75) per share, with a total value of £1,626,950 ($2,193,541.86). In the last ninety days, insiders have purchased 69,099 shares of company stock worth $172,798,894.
About Diageo plc
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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