UBS Group reissued their buy rating on shares of Diageo (LON:DGE) in a research note issued to investors on Monday morning, Borsen Zeitung reports. UBS Group currently has a GBX 3,750 ($49.00) price target on the stock.

A number of other research firms have also weighed in on DGE. Jefferies Financial Group restated a buy rating on shares of Diageo in a report on Tuesday, June 18th. JPMorgan Chase & Co. raised their target price on Diageo from GBX 3,200 ($41.81) to GBX 3,315 ($43.32) and gave the company a neutral rating in a report on Thursday, July 25th. Credit Suisse Group set a GBX 3,750 ($49.00) target price on Diageo and gave the company a buy rating in a report on Tuesday, August 6th. Kepler Capital Markets lowered Diageo to a hold rating and raised their target price for the company from GBX 3,300 ($43.12) to GBX 3,400 ($44.43) in a report on Tuesday, July 9th. Finally, Deutsche Bank restated a hold rating and issued a GBX 3,500 ($45.73) target price (down previously from GBX 3,550 ($46.39)) on shares of Diageo in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 3,355.36 ($43.84).

DGE stock opened at GBX 3,421 ($44.70) on Monday. Diageo has a twelve month low of GBX 2,513 ($32.84) and a twelve month high of GBX 3,538 ($46.23). The company has a quick ratio of 0.52, a current ratio of 1.34 and a debt-to-equity ratio of 125.00. The stock’s 50 day moving average is GBX 3,409.04 and its 200-day moving average is GBX 3,240.64. The firm has a market capitalization of $81.03 billion and a PE ratio of 26.30.

The firm also recently declared a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 8th will be issued a dividend of GBX 42.47 ($0.55) per share. This is a positive change from Diageo’s previous dividend of $26.10. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s dividend payout ratio (DPR) is 0.53%.

In other Diageo news, insider Javier Ferrán purchased 243 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of GBX 3,407 ($44.52) per share, for a total transaction of £8,279.01 ($10,817.99). Insiders have purchased 30,251 shares of company stock worth $99,405,145 over the last quarter.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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