Goldman Sachs Group, Inc. (The) Reiterates GBX 2,420 Price Target for Diageo plc (DGE)
Other analysts have also recently issued reports about the company. J P Morgan Chase & Co set a GBX 2,500 ($32.87) price objective on Diageo plc and gave the stock a buy rating in a report on Friday, June 23rd. S&P Global set a GBX 2,600 ($34.18) price objective on Diageo plc and gave the stock a buy rating in a report on Thursday, June 22nd. Morgan Stanley set a GBX 2,500 ($32.87) price objective on Diageo plc and gave the stock a buy rating in a report on Thursday, June 22nd. Jefferies Group LLC boosted their price objective on Diageo plc from GBX 2,600 ($34.18) to GBX 2,800 ($36.81) and gave the stock a buy rating in a report on Monday, June 19th. Finally, Shore Capital reissued a buy rating on shares of Diageo plc in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 2,557.41 ($33.62).
Diageo plc (LON DGE) opened at 2552.00 on Tuesday. The stock’s 50 day moving average is GBX 2,523.92 and its 200 day moving average is GBX 2,382.65. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,616.00. The company’s market cap is GBX 64.14 billion.
COPYRIGHT VIOLATION WARNING: This article was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://theolympiareport.com/2017/10/13/goldman-sachs-group-inc-the-reiterates-gbx-2420-price-target-for-diageo-plc-dge.html.
The firm also recently disclosed a dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, August 10th were given a GBX 38.50 ($0.51) dividend. The ex-dividend date of this dividend was Thursday, August 10th. This is a positive change from Diageo plc’s previous dividend of $23.70. This represents a dividend yield of 1.6%.
In other news, insider Javier Ferran bought 65,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of GBX 2,503 ($32.91) per share, for a total transaction of £1,626,950 ($2,139,034.97). Also, insider Alan Stewart bought 4,076 shares of the business’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of GBX 2,465 ($32.41) per share, for a total transaction of £100,473.40 ($132,097.55). Insiders acquired a total of 69,100 shares of company stock worth $172,803,654 in the last 90 days.
About Diageo plc
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.
Receive News & Ratings for Diageo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo plc and related companies with Analyst Ratings Network's FREE daily email newsletter.