Diageo (LON:DGE) had its price target reduced by Royal Bank of Canada from GBX 3,400 ($44.73) to GBX 3,000 ($39.46) in a research report sent to investors on Monday, Borsen Zeitung reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts also recently issued reports on DGE. Citigroup reissued a buy rating on shares of Diageo in a research note on Monday, February 3rd. DZ Bank reduced their price objective on Diageo from GBX 3,550 ($46.70) to GBX 2,550 ($33.54) and set a buy rating on the stock in a research note on Friday, March 20th. Berenberg Bank lifted their price objective on Diageo from GBX 2,720 ($35.78) to GBX 2,870 ($37.75) and gave the stock a hold rating in a research note on Thursday, February 27th. Goldman Sachs Group reduced their price objective on Diageo from GBX 3,600 ($47.36) to GBX 3,250 ($42.75) and set a buy rating on the stock in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Diageo from GBX 2,800 ($36.83) to GBX 2,150 ($28.28) and set an underweight rating on the stock in a research note on Tuesday, March 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Diageo has a consensus rating of Hold and a consensus price target of GBX 3,066.43 ($40.34).

Shares of DGE opened at GBX 2,497.50 ($32.85) on Monday. The business’s 50 day moving average is GBX 2,811.36 and its 200 day moving average is GBX 3,098.39. The company has a market capitalization of $58.72 billion and a PE ratio of 19.54. Diageo has a 12-month low of GBX 2,050.60 ($26.97) and a 12-month high of GBX 3,633.50 ($47.80). The company has a current ratio of 1.15, a quick ratio of 0.52 and a debt-to-equity ratio of 151.22.

The company also recently disclosed a dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, February 27th will be issued a GBX 27.41 ($0.36) dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, February 27th. Diageo’s dividend payout ratio is presently 0.55%.

In other news, insider Javier Ferrán acquired 314 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of GBX 2,633 ($34.64) per share, with a total value of £8,267.62 ($10,875.59). Insiders bought 577 shares of company stock worth $1,680,441 over the last three months.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Featured Story: Trading signals using Bollinger bands

Analyst Recommendations for Diageo (LON:DGE)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.