Diageo plc (DGE) Given “Buy” Rating at Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of Diageo plc (LON:DGE) in a research note released on Wednesday morning. Jefferies Group LLC currently has a GBX 3,000 ($40.45) target price on the stock.
A number of other equities analysts have also weighed in on DGE. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 2,800 ($37.75) price objective on shares of Diageo plc in a research note on Wednesday. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 2,700 ($36.40) price objective on shares of Diageo plc in a research note on Wednesday, August 9th. Shore Capital reaffirmed a buy rating on shares of Diageo plc in a research note on Wednesday. Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,700 ($36.40) price objective on shares of Diageo plc in a research note on Wednesday, August 9th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 2,000 ($26.97) price objective on shares of Diageo plc in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Diageo plc currently has a consensus rating of Buy and an average target price of GBX 2,560.36 ($34.52).
Diageo plc (DGE) traded down 0.27% during mid-day trading on Wednesday, hitting GBX 2420.00. The company’s stock had a trading volume of 1,644,100 shares. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,616.00. The stock’s market cap is GBX 60.83 billion. The company’s 50 day moving average is GBX 2,538.31 and its 200-day moving average is GBX 2,359.93.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 38.50 ($0.52) per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Diageo plc’s previous dividend of $23.70. This represents a yield of 1.6%.
In other Diageo plc news, insider Alan Stewart purchased 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The shares were purchased at an average cost of GBX 2,465 ($33.23) per share, for a total transaction of £100,473.40 ($135,463.66). Also, insider Javier Ferran purchased 65,000 shares of Diageo plc stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($33.75) per share, for a total transaction of £1,626,950 ($2,193,541.86). Over the last 90 days, insiders have acquired 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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