Diageo plc (LON:DGE) had its price target decreased by Goldman Sachs Group, Inc. (The) from GBX 2,400 ($32.36) to GBX 2,385 ($32.16) in a report released on Thursday morning. Goldman Sachs Group, Inc. (The) currently has a neutral rating on the stock.
A number of other brokerages also recently commented on DGE. J P Morgan Chase & Co restated an overweight rating and issued a GBX 2,800 ($37.75) target price on shares of Diageo plc in a research note on Monday, September 11th. Jefferies Group LLC set a GBX 3,000 ($40.45) target price on Diageo plc and gave the company a buy rating in a research note on Friday, September 1st. Credit Suisse Group boosted their target price on Diageo plc from GBX 2,700 ($36.40) to GBX 2,840 ($38.29) and gave the company an outperform rating in a research note on Tuesday, September 12th. Berenberg Bank downgraded Diageo plc to a hold rating and set a GBX 2,550 ($34.38) target price on the stock. in a research note on Wednesday, September 13th. Finally, Bryan, Garnier & Co boosted their target price on Diageo plc from GBX 2,210 ($29.80) to GBX 2,320 ($31.28) and gave the company a neutral rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 2,560.36 ($34.52).
Diageo plc (LON:DGE) opened at 2441.50 on Thursday. The stock has a 50 day moving average price of GBX 2,538.31 and a 200-day moving average price of GBX 2,359.93. The stock’s market capitalization is GBX 61.37 billion. Diageo plc has a 12-month low of GBX 1,946.00 and a 12-month high of GBX 2,616.00.
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The firm also recently disclosed a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be given 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 news, insider Javier Ferran purchased 65,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($33.75) per share, with a total value of £1,626,950 ($2,193,541.86). Also, insider Alan Stewart purchased 4,076 shares of the business’s stock in a transaction on Friday, July 28th. The stock was purchased at an average cost of GBX 2,465 ($33.23) per share, with a total value of £100,473.40 ($135,463.66). Insiders have purchased a total of 69,099 shares of company stock valued at $172,798,894 in the last three months.
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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