Jefferies Group LLC Trims Diageo plc (DGE) Target Price to GBX 2,900
Diageo plc (LON:DGE) had its price objective reduced by Jefferies Group LLC from GBX 3,000 ($40.34) to GBX 2,900 ($39.00) in a research note published on Thursday, Marketbeat reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Diageo plc from GBX 2,400 ($32.28) to GBX 2,385 ($32.07) and set a neutral rating for the company in a research report on Thursday, September 21st. Shore Capital reissued a buy rating on shares of Diageo plc in a research report on Wednesday, September 20th. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,800 ($37.65) target price on shares of Diageo plc in a report on Wednesday, September 20th. Liberum Capital restated a sell rating and set a GBX 2,000 ($26.90) target price on shares of Diageo plc in a report on Wednesday, September 20th. Finally, Berenberg Bank cut shares of Diageo plc to a hold rating and set a GBX 2,550 ($34.29) target price for the company. in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 2,555.82 ($34.37).
Shares of Diageo plc (LON:DGE) opened at 2453.00 on Thursday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00. The firm’s market cap is GBX 61.66 billion. The company has a 50 day moving average of GBX 2,538.31 and a 200 day moving average of GBX 2,359.93.
The business also recently announced a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 38.50 ($0.52) per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Diageo plc’s previous dividend of $23.70.
In other Diageo plc news, insider Javier Ferran purchased 65,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of GBX 2,503 ($33.66) per share, with a total value of £1,626,950 ($2,187,937.06). Also, insider Alan Stewart purchased 4,076 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost of GBX 2,465 ($33.15) per share, for a total transaction of £100,473.40 ($135,117.54). In the last 90 days, insiders have bought 69,099 shares of company stock valued at $172,798,894.
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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