Independent Research set a GBX 3,700 ($48.35) target price on Diageo (LON:DGE) in a research report report published on Friday, September 20th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other brokerages also recently issued reports on DGE. Barclays set a GBX 3,870 ($50.57) price target on Diageo and gave the stock a buy rating in a research report on Monday, July 29th. Deutsche Bank raised their target price on Diageo from GBX 3,500 ($45.73) to GBX 3,650 ($47.69) and gave the company a hold rating in a research report on Friday, September 20th. Kepler Capital Markets downgraded Diageo to a hold rating and raised their target price for the company from GBX 3,300 ($43.12) to GBX 3,400 ($44.43) in a research report on Tuesday, July 9th. Liberum Capital restated a hold rating on shares of Diageo in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. set a GBX 3,315 ($43.32) price target on Diageo and gave the company a neutral rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Diageo has an average rating of Hold and an average target price of GBX 3,433 ($44.86).
Shares of DGE traded down GBX 111.50 ($1.46) during mid-day trading on Friday, reaching GBX 3,210 ($41.94). The company had a trading volume of 6,664,935 shares, compared to its average volume of 4,520,000. The stock has a market capitalization of $75.68 billion and a P/E ratio of 24.67. The stock has a 50 day moving average of GBX 3,356.40 and a two-hundred day moving average of GBX 3,314.81. The company has a quick ratio of 0.52, a current ratio of 1.34 and a debt-to-equity ratio of 125.00. Diageo has a 52-week low of GBX 2,513 ($32.84) and a 52-week high of GBX 3,633.50 ($47.48).
The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 8th were paid a GBX 42.47 ($0.55) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from Diageo’s previous dividend of $26.10. This represents a dividend yield of 1.3%. Diageo’s payout ratio is presently 0.53%.
In related news, insider Siobhán Moriarty sold 22,703 shares of Diageo stock in a transaction on Thursday, September 5th. The stock was sold at an average price of GBX 3,509 ($45.85), for a total value of £796,648.27 ($1,040,962.07). Also, insider Javier Ferrán bought 243 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of GBX 3,407 ($44.52) per share, with a total value of £8,279.01 ($10,817.99). Insiders bought 30,250 shares of company stock valued at $99,401,244 over the last ninety days.
Diageo Company Profile
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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