Shares of Diageo plc (LON:DGE) have received a consensus recommendation of “Buy” from the twenty-three brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,561.05 ($33.08).
DGE has been the subject of a number of analyst reports. Jefferies Group LLC set a GBX 2,600 ($33.58) target price on shares of Diageo plc and gave the stock a “buy” rating in a research note on Saturday, May 20th. Shore Capital reissued a “buy” rating on shares of Diageo plc in a research note on Monday, May 15th. Berenberg Bank reissued a “buy” rating and set a GBX 2,430 ($31.38) target price on shares of Diageo plc in a research note on Monday, May 15th. J P Morgan Chase & Co set a GBX 2,500 ($32.29) target price on shares of Diageo plc and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, HSBC Holdings plc reissued a “buy” rating and set a GBX 2,600 ($33.58) target price on shares of Diageo plc in a research note on Wednesday, June 7th.
Shares of Diageo plc (LON DGE) traded down 0.23% during trading on Tuesday, hitting GBX 2580.50. 3,818,465 shares of the stock traded hands. The firm’s market capitalization is GBX 64.86 billion. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00. The firm has a 50-day moving average of GBX 2,513.00 and a 200-day moving average of GBX 2,351.64.
The company also recently declared a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be issued a dividend of GBX 38.50 ($0.50) per share. The ex-dividend date is Thursday, August 10th. This is a boost from Diageo plc’s previous dividend of $23.70. This represents a yield of 1.6%.
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In other news, insider Javier Ferran purchased 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of GBX 2,503 ($32.33) per share, for a total transaction of £1,626,950 ($2,101,188.17). Also, insider Alan Stewart purchased 4,076 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of GBX 2,465 ($31.84) per share, for a total transaction of £100,473.40 ($129,760.30). Over the last 90 days, insiders have purchased 69,099 shares of company stock worth $172,798,894.
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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