Diageo plc (LON:DGE) has earned an average recommendation of “Buy” from the twenty-two ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 2,849.33 ($37.23).
A number of equities analysts have commented on the company. Liberum Capital reissued a “sell” rating on shares of Diageo in a research note on Tuesday, June 26th. Berenberg Bank set a GBX 2,670 ($34.89) price objective on Diageo and gave the stock a “neutral” rating in a research note on Friday, July 27th. Sanford C. Bernstein set a GBX 2,825 ($36.91) price objective on Diageo and gave the stock a “neutral” rating in a research note on Friday, June 29th. Credit Suisse Group set a GBX 3,000 ($39.20) price objective on Diageo and gave the stock a “buy” rating in a research note on Friday, June 29th. Finally, Deutsche Bank reissued a “hold” rating and issued a GBX 2,950 ($38.55) price objective on shares of Diageo in a research note on Monday, July 30th.
In other news, insider Javier Ferrán purchased 298 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of GBX 2,780 ($36.33) per share, with a total value of £8,284.40 ($10,825.04). Insiders have bought 30,309 shares of company stock worth $76,607,739 in the last ninety days.
Diageo (LON:DGE) last posted its quarterly earnings data on Thursday, July 26th. The company reported GBX 118.60 ($1.55) EPS for the quarter, topping analysts’ consensus estimates of GBX 116.50 ($1.52) by GBX 2.10 ($0.03). Diageo had a return on equity of 33.47% and a net margin of 27.06%.
The company also recently declared a dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, August 9th were paid a dividend of GBX 40.40 ($0.53) per share. This represents a dividend yield of 1.43%. The ex-dividend date was Thursday, August 9th. This is a positive change from Diageo’s previous dividend of $24.90.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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