Diageo plc (DGE) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Diageo plc (LON:DGE) have been assigned a consensus rating of “Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 2,507.76 ($32.56).
A number of brokerages have commented on DGE. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,500 ($32.45) target price on shares of Diageo plc in a report on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,500 ($32.45) target price on shares of Diageo plc in a report on Wednesday, April 26th. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 2,400 ($31.16) target price on shares of Diageo plc in a report on Thursday, July 27th. Citigroup Inc. reiterated a “buy” rating on shares of Diageo plc in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,600 ($33.75) target price on shares of Diageo plc in a report on Thursday, August 10th.
Shares of Diageo plc (LON DGE) traded down 1.39% during mid-day trading on Friday, reaching GBX 2549.50. 4,009,753 shares of the company traded hands. The stock’s market capitalization is GBX 64.08 billion. The firm has a 50 day moving average of GBX 2,377.28 and a 200-day moving average of GBX 2,310.89. Diageo plc has a 52 week low of GBX 1,946.00 and a 52 week high of GBX 2,604.00.
The company also recently announced a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be given a GBX 38.50 ($0.50) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.6%. This is a positive change from Diageo plc’s previous dividend of $23.70.
In other news, insider Alan Stewart bought 4,076 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of GBX 2,465 ($32.00) per share, for a total transaction of £100,473.40 ($130,434.12). Also, insider Javier Ferran bought 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($32.49) per share, for a total transaction of £1,626,950 ($2,112,099.18). In the last quarter, insiders purchased 69,100 shares of company stock worth $172,798,875.
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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