Diageo (DGE) Receives “Buy” Rating from Shore Capital

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by Shore Capital in a note issued to investors on Thursday.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,900 ($39.33) price target on shares of Diageo in a research note on Friday, November 24th. Goldman Sachs Group set a GBX 2,460 ($33.36) price target on Diageo and gave the company a “neutral” rating in a research note on Monday, December 11th. Sanford C. Bernstein set a GBX 3,000 ($40.68) price target on Diageo and gave the company a “buy” rating in a research note on Monday, October 16th. Jefferies Group dropped their price target on Diageo from GBX 3,000 ($40.68) to GBX 2,900 ($39.33) and set a “buy” rating on the stock in a research note on Thursday, September 28th. Finally, Whitman Howard boosted their price target on Diageo from GBX 2,250 ($30.51) to GBX 2,700 ($36.62) and gave the company a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,651 ($35.95).

Diageo (DGE) traded up GBX 22 ($0.30) during trading on Thursday, hitting GBX 2,559 ($34.70). The company had a trading volume of 6,453,312 shares, compared to its average volume of 3,390,000. The firm has a market capitalization of $63,920.00 and a price-to-earnings ratio of 2,369.44. Diageo has a one year low of GBX 2,170 ($29.43) and a one year high of GBX 2,735.50 ($37.10).

Diageo (LON:DGE) last posted its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.92) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 65.70 ($0.89) by GBX 2.10 ($0.03). The company had revenue of GBX 653 billion for the quarter. Diageo had a return on equity of 23.14% and a net margin of 21.12%.

In related news, insider Javier Ferrán purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was acquired at an average price of GBX 2,541 ($34.46) per share, for a total transaction of £762,300 ($1,033,767.29). Insiders have purchased 30,025 shares of company stock valued at $76,295,632 in the last quarter.

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About Diageo

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.

Analyst Recommendations for Diageo (LON:DGE)

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