Brokerages Set Diageo plc (LON:DGE) PT at GBX 3,394.23

Shares of Diageo plc (LON:DGE) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 3,401.79 ($44.45).

Several research firms have issued reports on DGE. Kepler Capital Markets set a GBX 3,400 ($44.43) price target on shares of Diageo and gave the stock a “neutral” rating in a research report on Friday, October 4th. Deutsche Bank set a GBX 3,500 ($45.73) price target on shares of Diageo and gave the stock a “neutral” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a GBX 3,315 ($43.32) price target on shares of Diageo and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Credit Suisse Group set a GBX 3,750 ($49.00) price target on shares of Diageo and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group set a GBX 3,800 ($49.65) price target on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, October 3rd.

LON DGE traded up GBX 35 ($0.46) during midday trading on Wednesday, hitting GBX 3,355 ($43.84). The company had a trading volume of 4,025,780 shares, compared to its average volume of 4,520,000. The company has a quick ratio of 0.52, a current ratio of 1.34 and a debt-to-equity ratio of 125.00. The stock has a market cap of $78.98 billion and a price-to-earnings ratio of 25.79. The firm has a fifty day simple moving average of GBX 3,364.16 and a two-hundred day simple moving average of GBX 3,311.60. Diageo has a fifty-two week low of GBX 2,513 ($32.84) and a fifty-two week high of GBX 3,633.50 ($47.48).

The firm also recently announced a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 8th were given a dividend of GBX 42.47 ($0.55) per share. This is a positive change from Diageo’s previous dividend of $26.10. This represents a dividend yield of 1.3%. The ex-dividend date was Thursday, August 8th. Diageo’s payout ratio is 0.53%.

In other Diageo news, insider Javier Ferrán bought 30,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of GBX 3,285 ($42.92) per share, for a total transaction of £985,500 ($1,287,730.30). Also, insider Siobhán Moriarty sold 22,703 shares of Diageo stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 3,509 ($45.85), for a total transaction of £796,648.27 ($1,040,962.07). Over the last quarter, insiders have bought 30,246 shares of company stock worth $99,387,948.

Diageo Company Profile

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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Analyst Recommendations for Diageo (LON:DGE)

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