Diageo (LON:DGE) Price Target Raised to GBX 4,160 at Berenberg Bank

Diageo (LON:DGEGet Rating) had its price target increased by Berenberg Bank from GBX 3,900 ($47.79) to GBX 4,160 ($50.97) in a report issued on Monday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Other research analysts also recently issued reports about the company. Citigroup reaffirmed a neutral rating and set a GBX 4,150 ($50.85) price target on shares of Diageo in a report on Tuesday, June 21st. Barclays upped their price target on Diageo from GBX 3,430 ($42.03) to GBX 5,040 ($61.76) and gave the company an overweight rating in a report on Friday, June 17th. Sanford C. Bernstein set a GBX 3,780 ($46.32) price target on Diageo in a report on Tuesday, July 12th. JPMorgan Chase & Co. set a GBX 4,350 ($53.30) price target on Diageo in a report on Thursday, July 28th. Finally, Morgan Stanley set a GBX 4,100 ($50.24) target price on Diageo in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of GBX 4,124 ($50.53).

Diageo Trading Up 0.3 %

LON DGE opened at GBX 3,883 ($47.58) on Monday. Diageo has a 12 month low of GBX 3,282.50 ($40.22) and a 12 month high of GBX 4,364.10 ($53.48). The stock has a market cap of £88.61 billion and a P/E ratio of 2,773.57. The stock’s fifty day moving average price is GBX 3,634.63 and its 200-day moving average price is GBX 3,712.85. The company has a current ratio of 1.53, a quick ratio of 0.64 and a debt-to-equity ratio of 173.38.

Diageo Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, August 25th will be given a dividend of GBX 46.82 ($0.57) per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a dividend yield of 1.24%. This is a boost from Diageo’s previous dividend of $29.36. Diageo’s dividend payout ratio (DPR) is currently 5,428.57%.

Insider Buying and Selling

In other Diageo news, insider Javier Ferrán bought 234 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was purchased at an average price of GBX 3,541 ($43.39) per share, for a total transaction of £8,285.94 ($10,153.09). Over the last 90 days, insiders acquired 690 shares of company stock worth $2,482,790.

About Diageo

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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