Diageo plc (LON:DGE) traded down 0% during mid-day trading on Tuesday . The company traded as low as GBX 2,484 ($34.32) and last traded at GBX 2,493 ($34.44). 3,289,565 shares changed hands during trading, a decline of 25% from the average session volume of 4,380,000 shares. The stock had previously closed at GBX 2,493 ($34.44).
A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Diageo from GBX 2,800 ($38.68) to GBX 2,900 ($40.07) and gave the company an “overweight” rating in a report on Monday, January 8th. Liberum Capital reissued a “sell” rating and set a GBX 2,000 ($27.63) target price on shares of Diageo in a report on Tuesday, December 19th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,900 ($40.07) target price on shares of Diageo in a report on Wednesday, January 10th. Jefferies Group reissued a “buy” rating and set a GBX 2,900 ($40.07) target price on shares of Diageo in a report on Wednesday, November 29th. Finally, Goldman Sachs Group set a GBX 2,460 ($33.99) target price on shares of Diageo and gave the company a “neutral” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,640.82 ($36.49).
The stock has a market cap of $61,680.00 and a price-to-earnings ratio of 2,206.19.
Diageo (LON:DGE) last released its quarterly earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share for the quarter, topping the consensus estimate of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). The firm had revenue of GBX 653 billion for the quarter. Diageo had a net margin of 21.12% and a return on equity of 23.14%.
The company also recently declared a dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, February 22nd will be issued a GBX 24.90 ($0.34) dividend. The ex-dividend date is Thursday, February 22nd. This represents a dividend yield of 0.99%.
In other news, insider Javier Ferrán purchased 30,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were 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 bought 30,025 shares of company stock worth $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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