Diageo plc (DGE) Receives “Sell” Rating from Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Diageo plc (LON:DGE) in a research report report published on Thursday. Liberum Capital currently has a GBX 2,000 ($26.06) price objective on the stock.
Several other brokerages have also recently weighed in on DGE. Citigroup Inc. reiterated a neutral rating and set a GBX 2,500 ($32.57) price target on shares of Diageo plc in a research note on Thursday, June 22nd. Morgan Stanley set a GBX 2,500 ($32.57) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, June 22nd. Credit Suisse Group reiterated an outperform rating and set a GBX 2,500 ($32.57) price target on shares of Diageo plc in a research note on Thursday, June 22nd. Shore Capital reiterated a buy rating on shares of Diageo plc in a research note on Thursday, June 22nd. Finally, S&P Global set a GBX 2,600 ($33.87) price target on shares of Diageo plc and gave the stock a buy rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 2,494.45 ($32.50).
Diageo plc (LON:DGE) opened at 2457.50 on Thursday. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,462.50. The company’s market capitalization is GBX 61.76 billion. The stock has a 50 day moving average price of GBX 2,308.22 and a 200 day moving average price of GBX 2,277.00.
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The firm also recently announced a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be issued a GBX 38.50 ($0.50) dividend. The ex-dividend date is Thursday, August 10th. This is an increase from Diageo plc’s previous dividend of $23.70. This represents a dividend yield of 1.6%.
In other Diageo plc news, insider Alan Stewart bought 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 ($32.11) per share, for a total transaction of £100,473.40 ($130,892.91). Also, insider Kathryn Mikells sold 20,664 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.85), for a total transaction of £473,412.24 ($616,743.41). Over the last 90 days, insiders bought 4,100 shares of company stock worth $10,102,307.
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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