Analysts Set Diageo plc (LON:DGE) Target Price at $2,164.96
Shares of Diageo plc (LON:DGE) have been assigned an average recommendation of “Hold” from the twenty-seven analysts that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,164.96 ($28.26).
Several equities analysts recently commented on the stock. Societe Generale reiterated a “hold” rating and set a GBX 2,308 ($30.13) target price on shares of Diageo plc in a research note on Wednesday, September 21st. HSBC upped their target price on shares of Diageo plc from GBX 2,100 ($27.41) to GBX 2,350 ($30.67) and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and set a GBX 2,150 ($28.06) target price on shares of Diageo plc in a research note on Friday, July 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,350 ($30.67) target price on shares of Diageo plc in a research note on Wednesday, June 22nd. Finally, Morgan Stanley set a GBX 2,400 ($31.33) target price on shares of Diageo plc and gave the company a “buy” rating in a research note on Thursday, September 8th.
In other Diageo plc news, insider Javier Ferran bought 18,500 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was acquired at an average cost of GBX 2,221 ($28.99) per share, with a total value of £410,885 ($536,333.38).
Shares of Diageo plc (LON:DGE) opened at 2220.00 on Tuesday. The firm’s market capitalization is GBX 55.73 billion. The company’s 50-day moving average is GBX 2,158.75 and its 200-day moving average is GBX 2,009.80. Diageo plc has a 12-month low of GBX 1,724.50 and a 12-month high of GBX 2,286.50.
The company also recently declared a dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, August 11th were given a GBX 36.60 ($0.48) dividend. This represents a dividend yield of 1.67%. This is an increase from Diageo plc’s previous dividend of $22.60. The ex-dividend date was Thursday, August 11th.
About Diageo plc
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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