Diageo plc (DGE) Price Target Raised to GBX 2,540 at BNP Paribas
Diageo plc (LON:DGE) had its target price boosted by BNP Paribas from GBX 2,300 ($28.03) to GBX 2,540 ($30.96) in a report published on Monday morning. They currently have an outperform rating on the stock.
Other analysts have also issued reports about the stock. Berenberg Bank reaffirmed a buy rating and set a GBX 2,350 ($28.64) price target on shares of Diageo plc in a research report on Monday, July 4th. Citigroup Inc. reaffirmed a buy rating on shares of Diageo plc in a research report on Friday, July 8th. Shore Capital reaffirmed a buy rating on shares of Diageo plc in a research report on Thursday, July 28th. S&P Global Inc. set a GBX 2,400 ($29.25) price target on shares of Diageo plc and gave the stock a buy rating in a research report on Thursday, July 28th. Finally, Beaufort Securities reaffirmed a buy rating on shares of Diageo plc in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Diageo plc has a consensus rating of Hold and a consensus price target of GBX 2,179.13 ($26.56).
Diageo plc (LON:DGE) opened at 2192.25 on Monday. The firm’s market capitalization is GBX 55.03 billion. Diageo plc has a 52-week low of GBX 1,724.50 and a 52-week high of GBX 2,286.50. The firm has a 50-day moving average of GBX 2,168.29 and a 200-day moving average of GBX 2,026.99.
The business also recently declared a dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, August 11th were given 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 dividend yield of 1.67%.
In other Diageo plc news, insider Javier Ferran acquired 18,500 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was bought at an average price of GBX 2,221 ($27.07) per share, with a total value of £410,885 ($500,773.92). Also, insider Franz B. Humer acquired 369 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were acquired at an average cost of GBX 2,242 ($27.32) per share, with a total value of £8,272.98 ($10,082.85).
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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