Diageo plc (DGE) Given “Sell” Rating at Liberum Capital
Liberum Capital reissued their sell rating on shares of Diageo plc (LON:DGE) in a research note published on Wednesday morning. Liberum Capital currently has a GBX 2,000 ($26.97) price objective on the stock.
DGE has been the subject of a number of other research reports. Kepler Capital Markets reiterated a hold rating and issued a GBX 2,400 ($32.36) target price on shares of Diageo plc in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated an outperform rating and issued a GBX 2,600 ($35.05) target price on shares of Diageo plc in a research note on Thursday, August 10th. Berenberg Bank reiterated a buy rating and issued a GBX 2,550 ($34.38) target price on shares of Diageo plc in a research note on Friday, July 28th. Credit Suisse Group reiterated an outperform rating and issued a GBX 2,700 ($36.40) target price on shares of Diageo plc in a research note on Wednesday, August 9th. Finally, Morgan Stanley reiterated an overweight rating and issued a GBX 2,700 ($36.40) target price on shares of Diageo plc in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Diageo plc currently has an average rating of Buy and a consensus target price of GBX 2,560.36 ($34.52).
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The business also recently declared a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be issued a GBX 38.50 ($0.52) dividend. This is an increase from Diageo plc’s previous dividend of $23.70. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.6%.
In related news, insider Alan Stewart purchased 4,076 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of GBX 2,465 ($33.23) per share, with a total value of £100,473.40 ($135,463.66). Also, insider Javier Ferran purchased 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($33.75) per share, for a total transaction of £1,626,950 ($2,193,541.86). In the last three months, insiders 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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