Goldman Sachs Group set a GBX 2,490 ($34.40) price objective on Diageo (LON:DGE) in a research note issued to investors on Tuesday, January 23rd. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 2,900 ($40.07) price target on shares of Diageo in a research report on Tuesday, December 12th. UBS Group set a GBX 2,880 ($39.79) target price on shares of Diageo and gave the stock a buy rating in a research report on Monday, January 15th. Sanford C. Bernstein set a GBX 3,000 ($41.45) target price on shares of Diageo and gave the stock a buy rating in a research report on Monday, October 16th. Jefferies Group reissued a buy rating and issued a GBX 2,900 ($40.07) price target on shares of Diageo in a report on Wednesday, November 29th. Finally, Deutsche Bank boosted their price target on shares of Diageo from GBX 2,375 ($32.81) to GBX 2,750 ($37.99) and gave the company a hold rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 2,640.82 ($36.49).
Diageo (LON DGE) traded up GBX 11 ($0.15) during mid-day trading on Tuesday, hitting GBX 2,473.50 ($34.17). 4,564,592 shares of the company traded hands, compared to its average volume of 4,360,000. The firm has a market capitalization of $61,130.00 and a PE ratio of 1,947.64. Diageo has a twelve month low of GBX 2,186.50 ($30.21) and a twelve month high of GBX 2,735.50 ($37.79).
Diageo (LON:DGE) last posted its earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). Diageo had a net margin of 21.12% and a return on equity of 23.14%. The firm had revenue of GBX 653 billion during the quarter.
The company also recently declared a dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, February 22nd will be given a dividend of GBX 24.90 ($0.34) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, February 22nd.
In other news, insider Javier Ferrán purchased 30,000 shares of Diageo stock in a transaction on Friday, January 26th. The stock was purchased at an average price of GBX 2,541 ($35.11) per share, with a total value of £762,300 ($1,053,191.49). In the last ninety days, insiders have acquired 30,025 shares of company stock valued at $76,294,525.
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Diageo 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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