Several brokerages have updated their recommendations and price targets on shares of Diageo (LON: DGE) in the last few weeks:

  • 9/20/2018 – Diageo was given a new GBX 3,100 ($40.38) price target on by analysts at Goldman Sachs Group Inc. They now have a “buy” rating on the stock.
  • 9/19/2018 – Diageo had its “buy” rating reaffirmed by analysts at Kepler Capital Markets.
  • 9/19/2018 – Diageo had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 9/17/2018 – Diageo had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 9/14/2018 – Diageo had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 9/13/2018 – Diageo had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a GBX 3,200 ($41.68) price target on the stock.
  • 9/7/2018 – Diageo had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a GBX 3,200 ($41.68) price target on the stock.
  • 9/6/2018 – Diageo was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating. They now have a GBX 3,100 ($40.38) price target on the stock, down previously from GBX 3,160 ($41.16).
  • 9/4/2018 – Diageo had its price target raised by analysts at Kepler Capital Markets from GBX 2,850 ($37.12) to GBX 3,100 ($40.38). They now have a “buy” rating on the stock.
  • 8/23/2018 – Diageo had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 8/10/2018 – Diageo was given a new GBX 2,300 ($29.96) price target on by analysts at Royal Bank of Canada. They now have a “neutral” rating on the stock.
  • 8/6/2018 – Diageo had its price target raised by analysts at Jefferies Financial Group Inc from GBX 2,900 ($37.78) to GBX 3,200 ($41.68). They now have a “buy” rating on the stock.
  • 8/3/2018 – Diageo had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 3,100 ($40.38) price target on the stock, up previously from GBX 2,880 ($37.51).
  • 7/30/2018 – Diageo had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 2,950 ($38.43) price target on the stock.
  • 7/27/2018 – Diageo was given a new GBX 2,675 ($34.84) price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 7/27/2018 – Diageo was given a new GBX 2,670 ($34.78) price target on by analysts at Berenberg Bank. They now have a “neutral” rating on the stock.
  • 7/27/2018 – Diageo was given a new GBX 3,175 ($41.36) price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 7/27/2018 – Diageo was given a new GBX 3,100 ($40.38) price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 7/27/2018 – Diageo was given a new GBX 3,250 ($42.33) price target on by analysts at Cfra. They now have a “buy” rating on the stock.

LON DGE traded down GBX 1 ($0.01) during trading on Tuesday, reaching GBX 2,682 ($34.94). The company’s stock had a trading volume of 1,632,344 shares, compared to its average volume of 4,520,000. Diageo plc has a 12 month low of GBX 2,186.50 ($28.48) and a 12 month high of GBX 2,735.50 ($35.63).

Diageo (LON:DGE) last issued its quarterly earnings results on Thursday, July 26th. The company reported GBX 118.60 ($1.54) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 116.50 ($1.52) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%.

The company also recently declared a dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, August 9th will be issued a dividend of GBX 40.40 ($0.53) per share. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 9th. This is an increase from Diageo’s previous dividend of $24.90.

In other news, insider Javier Ferrán purchased 298 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was bought at an average price of GBX 2,780 ($36.21) per share, with a total value of £8,284.40 ($10,791.19). In the last ninety days, insiders have bought 603 shares of company stock valued at $1,672,176.

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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