Diageo plc (DGE) Receives Average Recommendation of “Hold” from Brokerages

Diageo plc (LON:DGE) has been assigned an average recommendation of “Hold” from the twenty-three research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,645.36 ($37.09).

DGE has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Diageo from GBX 2,800 ($39.26) to GBX 2,900 ($40.66) and gave the company an “overweight” rating in a report on Monday, January 8th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,900 ($40.66) price objective on shares of Diageo in a report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a GBX 2,900 ($40.66) price target on shares of Diageo in a report on Tuesday, November 21st. UBS Group set a GBX 2,880 ($40.38) price target on Diageo and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 2,000 ($28.04) price target on shares of Diageo in a report on Monday, November 20th.

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 shares were bought at an average price of GBX 2,541 ($35.63) per share, for a total transaction of £762,300 ($1,068,844.64). Insiders purchased 30,016 shares of company stock worth $76,272,484 in the last 90 days.

Diageo (DGE) traded down GBX 8 ($0.11) during midday trading on Friday, hitting GBX 2,437.50 ($34.18). The stock had a trading volume of 5,811,355 shares, compared to its average volume of 4,070,000. The firm has a market cap of $60,450.00 and a P/E ratio of 1,919.29. Diageo has a 12 month low of GBX 2,186.50 ($30.66) and a 12 month high of GBX 2,735.50 ($38.36).

Diageo (LON:DGE) last released its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.95) EPS for the quarter, beating the consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). The company had revenue of GBX 653 billion during the quarter. Diageo had a return on equity of 23.14% and a net margin of 21.12%.

The business also recently declared a dividend, which will be paid on Friday, April 6th. Investors of record on Thursday, February 22nd will be given a GBX 24.90 ($0.35) dividend. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, February 22nd.

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Diageo Company Profile

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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