Diageo plc (DGE) Rating Reiterated by J P Morgan Chase & Co
Several other research firms have also issued reports on DGE. UBS AG set a GBX 2,450 ($31.81) price objective on Diageo plc and gave the company a buy rating in a research note on Wednesday, April 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 2,430 ($31.55) price objective on shares of Diageo plc in a research note on Monday, May 15th. Jefferies Group LLC raised their price objective on Diageo plc from GBX 2,500 ($32.45) to GBX 2,600 ($33.75) and gave the company a buy rating in a research note on Wednesday, May 10th. Shore Capital reaffirmed a buy rating on shares of Diageo plc in a research note on Wednesday, June 7th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,500 ($32.45) price objective on shares of Diageo plc in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Diageo plc has an average rating of Buy and a consensus price target of GBX 2,521.05 ($32.73).
Shares of Diageo plc (DGE) opened at 2549.50 on Tuesday. The company’s market cap is GBX 64.08 billion. The company has a 50-day moving average price of GBX 2,377.28 and a 200-day moving average price of GBX 2,310.89. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,604.00.
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The company also recently declared a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 38.50 ($0.50) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.6%. This is a boost from Diageo plc’s previous dividend of $23.70.
In related news, insider Javier Ferran acquired 65,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18). Also, insider Alan Stewart acquired 4,076 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of GBX 2,465 ($32.00) per share, with a total value of £100,473.40 ($130,434.12). In the last ninety days, insiders have acquired 69,100 shares of company stock valued at $172,798,875.
Diageo plc Company Profile
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.
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