Diageo plc (LON:DGE) Given a GBX 2,920 Price Target by Sanford C. Bernstein Analysts
A number of other analysts also recently weighed in on the company. Barclays PLC upped their target price on Diageo plc from GBX 2,300 ($30.34) to GBX 2,460 ($32.45) and gave the company an equal weight rating in a research report on Friday. Jefferies Group LLC reiterated a buy rating and set a GBX 2,800 ($36.93) target price on shares of Diageo plc in a research report on Friday. UBS AG set a GBX 2,450 ($32.32) target price on Diageo plc and gave the company a buy rating in a research report on Thursday, July 27th. S&P Global set a GBX 2,700 ($35.62) target price on Diageo plc and gave the company a buy rating in a research report on Thursday, July 27th. Finally, Liberum Capital reiterated a sell rating and set a GBX 2,000 ($26.38) target price on shares of Diageo plc in a research report on Thursday, July 27th. One 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 an average price target of GBX 2,494.45 ($32.90).
Diageo plc (DGE) opened at 2451.00 on Friday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,463.50. The firm’s market capitalization is GBX 61.59 billion. The firm’s 50-day moving average price is GBX 2,311.63 and its 200 day moving average price is GBX 2,280.45.
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The business also recently declared a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be paid a GBX 38.50 ($0.51) dividend. This is a boost from Diageo plc’s previous dividend of $23.70. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.6%.
In related news, insider Alan Stewart purchased 4,076 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was bought 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 Philip G. Scott sold 8,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($30.11), for a total value of £182,640 ($240,918.08). In the last three months, insiders bought 4,100 shares of company stock valued at $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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