Sanford C. Bernstein set a GBX 3,000 ($39.86) price objective on Diageo plc (LON:DGE) in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.

DGE has been the topic of a number of other research reports. J P Morgan Chase & Co set a GBX 2,500 ($33.22) price objective on shares of Diageo plc and gave the stock a buy rating in a research report on Friday, July 28th. Shore Capital reissued a buy rating on shares of Diageo plc in a research report on Thursday, June 22nd. UBS AG set a GBX 2,880 ($38.27) price objective on shares of Diageo plc and gave the stock a buy rating in a research report on Wednesday, August 30th. Credit Suisse Group boosted their target price on shares of Diageo plc from GBX 2,700 ($35.88) to GBX 2,840 ($37.74) and gave the stock an outperform rating in a report on Tuesday, September 12th. Finally, Liberum Capital restated a sell rating and set a GBX 2,000 ($26.57) target price on shares of Diageo plc in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Diageo plc presently has an average rating of Buy and a consensus target price of GBX 2,561.05 ($34.03).

Diageo plc (DGE) opened at 2582.50 on Monday. The firm’s market capitalization is GBX 64.91 billion. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00. The company has a 50-day moving average of GBX 2,522.26 and a 200-day moving average of GBX 2,391.44.

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The company also recently disclosed a dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, August 10th were given a dividend of GBX 38.50 ($0.51) per share. This is a boost from Diageo plc’s previous dividend of $23.70. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 1.6%.

In related news, insider Alan Stewart bought 4,076 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of GBX 2,465 ($32.75) per share, with a total value of £100,473.40 ($133,501.73). Also, insider Javier Ferran bought 65,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($33.26) per share, with a total value of £1,626,950 ($2,161,772.52). Insiders have purchased 69,100 shares of company stock valued at $172,803,654 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.

Analyst Recommendations for Diageo plc (LON:DGE)

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