UBS Group reaffirmed their buy rating on shares of Diageo (LON:DGE) in a research report report published on Wednesday, Borsen Zeitung reports. UBS Group currently has a GBX 3,300 ($43.12) price target on the stock.
Several other brokerages have also weighed in on DGE. Royal Bank of Canada set a GBX 2,300 ($30.05) target price on shares of Diageo and gave the stock a neutral rating in a research note on Thursday, January 31st. Citigroup reaffirmed a buy rating and set a GBX 3,500 ($45.73) target price on shares of Diageo in a research note on Wednesday. Morgan Stanley increased their target price on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock an overweight rating in a research note on Friday, March 8th. Sanford C. Bernstein set a GBX 2,500 ($32.67) target price on shares of Diageo and gave the stock a sell rating in a research note on Thursday, January 31st. Finally, Shore Capital reaffirmed an under review rating on shares of Diageo in a research note on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 3,122.65 ($40.80).
DGE stock traded up GBX 33.50 ($0.44) during mid-day trading on Wednesday, hitting GBX 3,350.50 ($43.78). 3,703,853 shares of the company were exchanged, compared to its average volume of 4,520,000. The company has a debt-to-equity ratio of 109.30, a current ratio of 1.48 and a quick ratio of 0.72. The firm has a market cap of $79.65 billion and a PE ratio of 28.08. Diageo has a 12-month low of GBX 2,513 ($32.84) and a 12-month high of GBX 3,266.50 ($42.68).
In other Diageo news, insider Susan Kilsby acquired 2,600 shares of the stock in a transaction dated Tuesday, March 5th. The stock was 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 Javier Ferrán acquired 270 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 3,061 ($40.00) per share, with a total value of £8,264.70 ($10,799.29). In the last three months, insiders bought 2,879 shares of company stock valued at $10,997,845.
Diageo Company Profile
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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