Shore Capital reiterated their under review rating on shares of Diageo (LON:DGE) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently weighed in on the company. Kepler Capital Markets downgraded Diageo to a hold rating and raised their price target for the company from GBX 3,300 ($43.12) to GBX 3,400 ($44.43) in a research note on Tuesday, July 9th. Credit Suisse Group set a GBX 3,750 ($49.00) price target on Diageo and gave the company a buy rating in a research note on Tuesday, August 6th. Royal Bank of Canada set a GBX 3,100 ($40.51) price target on Diageo and gave the company a neutral rating in a research note on Thursday, July 25th. Jefferies Financial Group restated a buy rating on shares of Diageo in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Diageo in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 3,419.67 ($44.68).
DGE stock opened at GBX 3,222 ($42.10) on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.34 and a debt-to-equity ratio of 125.00. The business has a 50 day moving average price of GBX 3,408.72 and a two-hundred day moving average price of GBX 3,286.46. The company has a market cap of $76.10 billion and a price-to-earnings ratio of 24.77. Diageo has a twelve month low of GBX 2,513 ($32.84) and a twelve month high of GBX 3,633.50 ($47.48).
The firm also recently disclosed a dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, August 8th will be given a GBX 42.47 ($0.55) dividend. This represents a dividend yield of 1.3%. This is a boost from Diageo’s previous dividend of $26.10. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s dividend payout ratio (DPR) is presently 0.53%.
In other news, insider Siobhán Moriarty sold 22,703 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of GBX 3,509 ($45.85), for a total value of £796,648.27 ($1,040,962.07). Also, insider Javier Ferrán acquired 30,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of GBX 3,285 ($42.92) per share, with a total value of £985,500 ($1,287,730.30). Over the last ninety days, insiders bought 30,250 shares of company stock valued at $99,401,584.
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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