Diageo plc (DGE) Price Target Cut to GBX 2,385 by Analysts at Goldman Sachs Group, Inc. (The)
Diageo plc (LON:DGE) had its price target lowered by Goldman Sachs Group, Inc. (The) from GBX 2,400 ($32.36) to GBX 2,385 ($32.16) in a report published on Thursday. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also issued research reports about the stock. Shore Capital restated a buy rating on shares of Diageo plc in a report on Wednesday, June 7th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 2,500 ($33.71) target price on shares of Diageo plc in a report on Tuesday, June 13th. Morgan Stanley restated an overweight rating and issued a GBX 2,500 ($33.71) target price on shares of Diageo plc in a report on Tuesday, July 18th. Kepler Capital Markets restated a hold rating and issued a GBX 2,400 ($32.36) target price on shares of Diageo plc in a report on Thursday, July 27th. Finally, Credit Suisse Group boosted their target price on shares of Diageo plc from GBX 2,550 ($34.38) to GBX 2,700 ($36.40) and gave the company an outperform rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 2,560.36 ($34.52).
Diageo plc (LON DGE) traded up 0.66% on Thursday, hitting GBX 2436.50. The stock had a trading volume of 2,520,952 shares. The firm’s market capitalization is GBX 61.24 billion. The company’s 50 day moving average is GBX 2,538.31 and its 200-day moving average is GBX 2,359.93. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00.
The business also recently declared a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be paid a GBX 38.50 ($0.52) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Diageo plc’s previous dividend of $23.70. This represents a dividend yield of 1.6%.
In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($33.75) per share, for a total transaction of £1,626,950 ($2,193,541.86). Also, insider Alan Stewart bought 4,076 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of GBX 2,465 ($33.23) per share, with a total value of £100,473.40 ($135,463.66). Insiders bought 69,099 shares of company stock valued at $172,798,894 over the last quarter.
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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