Diageo plc (DGE) Price Target Raised to GBX 2,540
Diageo plc (LON:DGE) had its price target lifted by BNP Paribas from GBX 2,300 ($28.47) to GBX 2,540 ($31.44) in a report released on Monday. The firm currently has an “outperform” rating on the stock. BNP Paribas’ price target would suggest a potential upside of 15.98% from the stock’s previous close.
A number of other research analysts have also weighed in on DGE. Beaufort Securities reaffirmed a “buy” rating on shares of Diageo plc in a research note on Friday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,240 ($27.72) price target on shares of Diageo plc in a research note on Monday, June 27th. Kepler Capital Markets lifted their price target on shares of Diageo plc from GBX 1,980 ($24.50) to GBX 2,150 ($26.61) and gave the company a “hold” rating in a research note on Friday, July 29th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 2,150 ($26.61) price target on shares of Diageo plc in a research note on Wednesday, September 21st. Finally, S&P Global Inc. set a GBX 2,400 ($29.70) price target on shares of Diageo plc and gave the company a “buy” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Diageo plc presently has a consensus rating of “Hold” and an average target price of GBX 2,174.96 ($26.92).
Diageo plc (LON:DGE) opened at 2179.00 on Monday. The company has a 50-day moving average of GBX 2,167.18 and a 200-day moving average of GBX 2,022.94. The firm’s market capitalization is GBX 54.70 billion. Diageo plc has a 1-year low of GBX 1,724.50 and a 1-year high of GBX 2,286.50.
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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 ($0.45) per share. This is a boost from Diageo plc’s previous dividend of $22.60. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.67%.
In other news, insider Franz B. Humer acquired 369 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was acquired at an average price of GBX 2,242 ($27.75) per share, with a total value of £8,272.98 ($10,238.84). Also, insider Javier Ferran acquired 18,500 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were purchased at an average cost of GBX 2,221 ($27.49) per share, with a total value of £410,885 ($508,521.04).
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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