Jefferies Group Raises Diageo plc (DGE) Price Target to GBX 2,600
Diageo plc (LON:DGE) had its price target raised by equities researchers at Jefferies Group from GBX 2,500 ($30.94) to GBX 2,600 ($32.18) in a report released on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 19.71% from the stock’s current price.
A number of other brokerages have also commented on DGE. Liberum Capital started coverage on Diageo plc in a report on Monday, October 3rd. They issued a “hold” rating and a GBX 2,182 ($27.00) price target on the stock. Goldman Sachs Group Inc. upgraded Diageo plc to a “neutral” rating and set a GBX 1,925 ($23.82) price target on the stock in a report on Tuesday, June 28th. Beaufort Securities restated a “buy” rating on shares of Diageo plc in a report on Thursday, September 22nd. Deutsche Bank AG boosted their price target on Diageo plc from GBX 1,900 ($23.51) to GBX 2,000 ($24.75) and gave the company a “hold” rating in a report on Friday, July 29th. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 2,150 ($26.61) price target on shares of Diageo plc in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,179.13 ($26.97).
Shares of Diageo plc (LON:DGE) opened at 2173.50 on Monday. The stock’s 50 day moving average price is GBX 2,167.18 and its 200 day moving average price is GBX 2,022.94. Diageo plc has a one year low of GBX 1,724.50 and a one year high of GBX 2,286.50. The firm’s market cap is GBX 54.56 billion.
The firm also recently announced a dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, August 11th were paid a dividend of GBX 36.60 ($0.45) per share. The ex-dividend date of this dividend was Thursday, August 11th. This is a boost from Diageo plc’s previous dividend of $22.60. This represents a yield of 1.67%.
In other news, insider Javier Ferran purchased 18,500 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was bought at an average cost of GBX 2,221 ($27.49) per share, for a total transaction of £410,885 ($508,521.04). Also, insider Franz B. Humer purchased 369 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was purchased at an average price of GBX 2,242 ($27.75) per share, with a total value of £8,272.98 ($10,238.84).
Diageo plc Company Profile
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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