Diageo (DGE) Rating Reiterated by Shore Capital

Shore Capital reissued their buy rating on shares of Diageo (LON:DGE) in a research report sent to investors on Thursday, July 26th.

Several other equities analysts have also weighed in on DGE. Morgan Stanley restated an overweight rating and set a GBX 2,900 ($37.54) price target on shares of Diageo in a research report on Tuesday, April 24th. JPMorgan Chase & Co. set a GBX 2,800 ($36.25) target price on shares of Diageo and gave the stock a buy rating in a research report on Thursday, May 31st. Sanford C. Bernstein set a GBX 2,825 ($36.57) target price on shares of Diageo and gave the stock a neutral rating in a research report on Friday, June 29th. UBS Group reiterated a buy rating on shares of Diageo in a research report on Wednesday, April 4th. Finally, Citigroup reissued a buy rating and issued a GBX 3,000 ($38.83) price target on shares of Diageo in a report on Friday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 2,820 ($36.50).

Diageo stock opened at GBX 2,796.50 ($36.20) on Thursday. Diageo has a 12-month low of GBX 2,186.50 ($28.30) and a 12-month high of GBX 2,735.50 ($35.41).

Diageo (LON:DGE) last posted its earnings results on Thursday, July 26th. The company reported GBX 118.60 ($1.54) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 116.50 ($1.51) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%.

The business also recently declared a dividend, which will be paid on Thursday, October 4th. Investors of record on Thursday, August 9th will be issued a GBX 40.40 ($0.52) dividend. The ex-dividend date is Thursday, August 9th. This represents a yield of 1.43%. This is a boost from Diageo’s previous dividend of $24.90.

In related news, insider Javier Ferrán purchased 299 shares of the business’s stock in a transaction that occurred on Tuesday, July 10th. The shares were acquired at an average price of GBX 2,768 ($35.83) per share, for a total transaction of £8,276.32 ($10,713.68).

About Diageo

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, Tanqueray, and Guinness.

See Also: Stock Symbols, CUSIP and Other Stock Identifiers

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.

Leave a Reply