Diageo plc (LON:DGE) has earned a consensus recommendation of “Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 3,145.36 ($41.10).
Several brokerages have issued reports on DGE. Sanford C. Bernstein upped their price target on shares of Diageo from GBX 2,625 ($34.30) to GBX 2,850 ($37.24) and gave the company an “underperform” rating in a report on Monday, April 8th. Citigroup reaffirmed a “buy” rating on shares of Diageo in a report on Friday. UBS Group set a GBX 3,300 ($43.12) price target on shares of Diageo and gave the company a “buy” rating in a report on Monday, April 8th. Jefferies Financial Group upped their price target on shares of Diageo from GBX 3,200 ($41.81) to GBX 3,300 ($43.12) and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays set a GBX 3,470 ($45.34) price target on shares of Diageo and gave the company a “buy” rating in a report on Wednesday, April 3rd.
Shares of DGE opened at GBX 3,115.50 ($40.71) on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30. Diageo has a twelve month low of GBX 2,436.50 ($31.84) and a twelve month high of GBX 3,156.50 ($41.25). The stock has a market cap of $74.42 billion and a price-to-earnings ratio of 26.11.
The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, February 28th were paid a dividend of GBX 26.10 ($0.34) per share. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, February 28th. Diageo’s payout ratio is 0.56%.
In other news, insider Susan Kilsby acquired 2,600 shares of Diageo stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of GBX 3,901 ($50.97) per share, with a total value of £101,426 ($132,531.03). Also, insider Ivan Menezes sold 47,904 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 3,961 ($51.76), for a total transaction of £1,897,477.44 ($2,479,390.36). Insiders have purchased 3,149 shares of company stock worth $11,809,085 in the last three months.
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.
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