Diageo (LON:DGE) Given a GBX 2,800 Price Target at Royal Bank of Canada

Royal Bank of Canada set a GBX 2,800 ($36.58) price target on Diageo (LON:DGE) in a research note published on Wednesday, Borsen Zeitung reports.

DGE has been the topic of several other reports. Credit Suisse Group set a GBX 3,950 ($51.61) target price on Diageo in a report on Friday, July 30th. Berenberg Bank boosted their target price on Diageo from GBX 3,540 ($46.25) to GBX 3,700 ($48.34) and gave the company a hold rating in a research report on Friday, July 30th. The Goldman Sachs Group set a GBX 3,800 ($49.65) target price on Diageo in a research report on Tuesday, July 27th. Sanford C. Bernstein set a GBX 3,580 ($46.77) price objective on Diageo in a report on Tuesday, August 31st. Finally, Kepler Capital Markets reissued a neutral rating and set a GBX 3,300 ($43.11) price objective on shares of Diageo in a report on Friday, June 18th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of GBX 3,664.38 ($47.88).

Shares of LON DGE opened at GBX 3,484 ($45.52) on Wednesday. The firm has a market cap of £81.35 billion and a P/E ratio of 30.72. The company has a current ratio of 1.60, a quick ratio of 0.73 and a debt-to-equity ratio of 180.10. Diageo has a 1-year low of GBX 2,474 ($32.32) and a 1-year high of GBX 3,641 ($47.57). The business’s 50 day moving average is GBX 3,529.44 and its 200-day moving average is GBX 3,372.45.

The firm also recently declared a dividend, which will be paid on Thursday, October 7th. Stockholders of record on Thursday, August 26th will be paid a dividend of GBX 44.59 ($0.58) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 26th. This is a boost from Diageo’s previous dividend of $27.96. Diageo’s dividend payout ratio (DPR) is currently 0.62%.

In other Diageo news, insider Javier Ferrán bought 230 shares of Diageo stock in a transaction dated Tuesday, August 10th. The shares were purchased at an average cost of GBX 3,602 ($47.06) per share, for a total transaction of £8,284.60 ($10,823.88). Also, insider Ivan Menezes sold 26,664 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of GBX 4,801 ($62.73), for a total transaction of £1,280,138.64 ($1,672,509.33). Insiders have bought a total of 25,470 shares of company stock worth $89,791,888 in the last quarter.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Analyst Recommendations for Diageo (LON:DGE)

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