Diageo plc (LON:DGE) Receives GBX 3,008 Consensus PT from Brokerages

Diageo plc (LON:DGE) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 3,008 ($39.55).

A number of equities research analysts have commented on DGE shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,800 ($36.82) target price on shares of Diageo in a research report on Wednesday, June 12th. Royal Bank of Canada raised Diageo to a “sector perform” rating and lifted their price objective for the stock from GBX 2,100 ($27.61) to GBX 2,400 ($31.56) in a report on Monday, August 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($42.08) target price on shares of Diageo in a report on Thursday, August 22nd. Finally, Citigroup restated a “buy” rating and set a GBX 3,000 ($39.45) price target on shares of Diageo in a research note on Monday, July 29th.

Diageo Stock Performance

Shares of DGE stock opened at GBX 2,395 ($31.49) on Monday. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The company has a 50 day moving average price of GBX 2,480.06 and a 200-day moving average price of GBX 2,685.14. Diageo has a 52 week low of GBX 2,165.60 ($28.48) and a 52 week high of GBX 3,268.50 ($42.98). The firm has a market capitalization of £53.17 billion, a PE ratio of 1,846.15, a P/E/G ratio of 1.66 and a beta of 0.34.

Diageo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, August 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, August 29th. This is an increase from Diageo’s previous dividend of $0.41. This represents a dividend yield of 1.92%. Diageo’s payout ratio is 6,230.77%.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.