Diageo plc (DGE) PT Raised to GBX 2,840

Diageo plc (LON:DGE) had its price objective raised by Credit Suisse Group from GBX 2,700 ($34.87) to GBX 2,840 ($36.68) in a research note released on Tuesday morning, Marketbeat reports. Credit Suisse Group currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on DGE. Kepler Capital Markets reiterated a hold rating and issued a GBX 2,400 ($31.00) price objective on shares of Diageo plc in a research note on Thursday, July 27th. Jefferies Group LLC set a GBX 2,600 ($33.58) price objective on Diageo plc and gave the company a buy rating in a research note on Saturday, May 20th. Royal Bank Of Canada reiterated an outperform rating and issued a GBX 2,600 ($33.58) price objective on shares of Diageo plc in a research note on Thursday, August 10th. Berenberg Bank reiterated a buy rating and issued a GBX 2,550 ($32.93) price objective on shares of Diageo plc in a research note on Friday, July 28th. Finally, Morgan Stanley reiterated an overweight rating and issued a GBX 2,700 ($34.87) price objective on shares of Diageo plc in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 2,561.05 ($33.08).

Diageo plc (LON:DGE) opened at 2488.00 on Tuesday. The stock has a 50 day moving average price of GBX 2,534.18 and a 200-day moving average price of GBX 2,355.66. The stock’s market capitalization is GBX 62.54 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,616.00.

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The firm also recently declared a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be paid a GBX 38.50 ($0.50) dividend. The ex-dividend date is Thursday, August 10th. This is a boost from Diageo plc’s previous dividend of $23.70. This represents a yield of 1.6%.

In other news, insider Javier Ferran acquired 65,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average price of GBX 2,503 ($32.33) per share, with a total value of £1,626,950 ($2,101,188.17). Also, insider Alan Stewart acquired 4,076 shares of the company’s stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of GBX 2,465 ($31.84) per share, for a total transaction of £100,473.40 ($129,760.30). Over the last 90 days, insiders acquired 69,099 shares of company stock worth $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.

Analyst Recommendations for Diageo plc (LON:DGE)

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