Diageo plc (LON:DGE) Given a GBX 2,450 Price Target by UBS AG Analysts
UBS AG set a GBX 2,450 ($31.92) target price on Diageo plc (LON:DGE) in a research report released on Thursday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
A number of other research firms also recently commented on DGE. Credit Suisse Group reaffirmed an outperform rating and set a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a research note on Wednesday, April 19th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a research note on Wednesday, May 3rd. Whitman Howard reaffirmed a hold rating and set a GBX 2,250 ($29.31) price objective on shares of Diageo plc in a research note on Thursday, May 11th. Shore Capital reaffirmed a buy rating on shares of Diageo plc in a research note on Tuesday, May 9th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a GBX 2,600 ($33.87) price objective on shares of Diageo plc in a research note on Thursday, April 27th. 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 company. The stock presently has an average rating of Buy and a consensus price target of GBX 2,494.45 ($32.50).
Shares of Diageo plc (LON:DGE) opened at 2457.00 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 50-day moving average is GBX 2,308.22 and its 200 day moving average is GBX 2,277.00. The firm’s market capitalization is GBX 61.74 billion.
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The company also recently disclosed a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be given a GBX 38.50 ($0.50) 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 yield of 1.6%.
In other news, insider Philip G. Scott sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of GBX 2,283 ($29.74), for a total transaction of £182,640 ($237,936.43). Also, insider Alan Stewart bought 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The shares were acquired at an average price of GBX 2,465 ($32.11) per share, with a total value of £100,473.40 ($130,892.91). Insiders acquired 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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