Diageo plc (DGE) Price Target Raised to GBX 2,460
Diageo plc (LON:DGE) had its target price boosted by Barclays PLC from GBX 2,300 ($30.34) to GBX 2,460 ($32.45) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. Barclays PLC currently has an equal weight rating on the stock.
A number of other analysts have also issued reports on DGE. Goldman Sachs Group, Inc. (The) set a GBX 2,100 ($27.70) price target on shares of Diageo plc and gave the stock a sell rating in a research note on Friday, March 31st. Credit Suisse Group lifted their price target on shares of Diageo plc from GBX 2,430 ($32.05) to GBX 2,500 ($32.98) and gave the stock an outperform rating in a research note on Thursday, April 6th. Morgan Stanley set a GBX 2,500 ($32.98) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, April 6th. UBS AG set a GBX 2,450 ($32.32) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Wednesday, April 19th. Finally, J P Morgan Chase & Co restated an overweight rating and issued a GBX 2,500 ($32.98) price target on shares of Diageo plc in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. Diageo plc has a consensus rating of Buy and an average target price of GBX 2,494.45 ($32.90).
Diageo plc (DGE) opened at 2451.00 on Friday. The stock’s market capitalization is GBX 61.59 billion. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,463.50. The company has a 50 day moving average of GBX 2,311.63 and a 200-day moving average of GBX 2,280.45.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be issued a GBX 38.50 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.6%. This is an increase from Diageo plc’s previous dividend of $23.70.
In related news, insider Alan Stewart acquired 4,076 shares of Diageo plc stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average price of GBX 2,465 ($32.52) per share, with a total value of £100,473.40 ($132,533.18). Also, insider Kathryn Mikells sold 20,664 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($30.22), for a total transaction of £473,412.24 ($624,472.02). Insiders purchased 4,100 shares of company stock valued at $10,102,307 in the last ninety days.
Diageo plc Company Profile
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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