Jefferies Group LLC set a GBX 3,000 ($38.74) target price on Diageo plc (LON:DGE) in a report released on Friday morning. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the stock. Whitman Howard reiterated a hold rating and issued a GBX 2,250 ($29.06) target price on shares of Diageo plc in a research report on Thursday, May 11th. Shore Capital reiterated a buy rating on shares of Diageo plc in a research report on Tuesday, May 9th. Liberum Capital reiterated a sell rating and issued a GBX 2,000 ($25.83) target price on shares of Diageo plc in a research report on Tuesday, July 11th. Morgan Stanley reiterated an overweight rating and issued a GBX 2,500 ($32.29) target price on shares of Diageo plc in a research report on Wednesday, May 10th. Finally, BNP Paribas reiterated an outperform rating and issued a GBX 2,435 ($31.45) target price on shares of Diageo plc in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Diageo plc presently has a consensus rating of Buy and an average target price of GBX 2,554.68 ($32.99).

Shares of Diageo plc (LON:DGE) opened at 2582.50 on Friday. The company has a 50 day moving average of GBX 2,471.17 and a 200 day moving average of GBX 2,338.63. Diageo plc has a 52 week low of GBX 1,946.00 and a 52 week high of GBX 2,616.00. The firm’s market cap is GBX 64.91 billion.

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The business also recently declared a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be given a GBX 38.50 ($0.50) dividend. This represents a dividend yield of 1.6%. This is a positive change from Diageo plc’s previous dividend of $23.70. The ex-dividend date of this dividend is Thursday, August 10th.

In related news, insider Alan Stewart purchased 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of GBX 2,465 ($31.84) per share, with a total value of £100,473.40 ($129,760.30). Also, insider Javier Ferran purchased 65,000 shares of Diageo plc stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($32.33) per share, with a total value of £1,626,950 ($2,101,188.17). Insiders bought 69,100 shares of company stock valued at $172,798,875 over the last three months.

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.

Analyst Recommendations for Diageo plc (LON:DGE)

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