Diageo plc (LON:DGE) Earns “Buy” Rating from Shore Capital
Several other brokerages also recently issued reports on DGE. BNP Paribas reiterated an outperform rating and issued a GBX 2,435 ($31.72) price objective on shares of Diageo plc in a research report on Wednesday, July 19th. Morgan Stanley reiterated an overweight rating and issued a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a research report on Wednesday, May 10th. Sanford C. Bernstein set a GBX 2,780 ($36.22) price objective on Diageo plc and gave the company a neutral rating in a research report on Wednesday, May 31st. Jefferies Group LLC reiterated a buy rating and issued a GBX 2,600 ($33.87) price objective on shares of Diageo plc in a research report on Thursday, June 8th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a research report on Thursday, June 22nd. One equities research 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 currently has a consensus 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 one year low of GBX 1,946.00 and a one year high of GBX 2,462.50. The stock’s 50 day moving average price is GBX 2,308.22 and its 200-day moving average price is GBX 2,277.00. The firm’s market capitalization is GBX 61.76 billion.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/diageo-plc-londge-earns-buy-rating-from-shore-capital/1463430.html.
The firm also recently announced a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be paid a GBX 38.50 ($0.50) dividend. This represents a yield of 1.6%. This is a boost from Diageo plc’s previous dividend of $23.70. The ex-dividend date of this dividend is Thursday, August 10th.
In other Diageo plc news, 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 value of £473,412.24 ($616,743.41). Also, insider Alan Stewart bought 4,076 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of GBX 2,465 ($32.11) per share, with a total value of £100,473.40 ($130,892.91). Over the last three months, insiders acquired 4,100 shares of company stock valued at $10,102,307.
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.
Receive News & Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related companies with Analyst Ratings Network's FREE daily email newsletter.