Diageo (LON:DGE) Given a GBX 2,800 Price Target at Royal Bank of Canada

Royal Bank of Canada set a GBX 2,800 ($36.58) price objective on Diageo (LON:DGE) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.

DGE has been the topic of several other research reports. Citigroup reiterated a neutral rating and set a GBX 3,500 ($45.73) price target on shares of Diageo in a research note on Tuesday, June 22nd. The Goldman Sachs Group set a GBX 3,800 ($49.65) target price on shares of Diageo in a report on Tuesday, July 27th. Kepler Capital Markets reiterated a neutral rating and set a GBX 3,300 ($43.11) price target on shares of Diageo in a report on Friday, June 18th. Jefferies Financial Group set a GBX 4,200 ($54.87) price target on shares of Diageo in a report on Friday, July 30th. Finally, reissued a neutral rating and issued a GBX 3,500 ($45.73) price objective on shares of Diageo in a research report on Tuesday, June 22nd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of GBX 3,664.38 ($47.88).

Shares of DGE opened at GBX 3,484 ($45.52) on Wednesday. The company has a market capitalization of £81.35 billion and a P/E ratio of 30.72. The company has a quick ratio of 0.73, a current ratio of 1.60 and a debt-to-equity ratio of 180.10. The firm has a 50 day moving average of GBX 3,529.44 and a 200 day moving average of GBX 3,372.45. Diageo has a twelve month low of GBX 2,474 ($32.32) and a twelve month high of GBX 3,641 ($47.57).

The business also recently declared a dividend, which will be paid on Thursday, October 7th. Stockholders of record on Thursday, August 26th will be paid a dividend of GBX 44.59 ($0.58) per share. The ex-dividend date of this dividend is Thursday, August 26th. This is a boost from Diageo’s previous dividend of $27.96. This represents a dividend yield of 1.25%. Diageo’s dividend payout ratio is 0.62%.

In other news, insider Javier Ferrán acquired 230 shares of the stock in a transaction on Tuesday, August 10th. The stock was bought at an average price of GBX 3,602 ($47.06) per share, with a total value of £8,284.60 ($10,823.88). Also, insider Ivan Menezes sold 26,664 shares of the stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of GBX 4,801 ($62.73), for a total value of £1,280,138.64 ($1,672,509.33). Insiders purchased a total of 25,470 shares of company stock worth $89,791,888 over the last quarter.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

Read More: How can investors benefit from after-hours trading?

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.