Diageo (LON:DGE) had its target price increased by Deutsche Bank from GBX 3,500 ($45.73) to GBX 3,650 ($47.69) in a research note published on Friday morning, Borsen Zeitung reports. Deutsche Bank currently has a hold rating on the stock.

A number of other research analysts have also recently issued reports on DGE. Liberum Capital reaffirmed a hold rating on shares of Diageo in a research note on Thursday. Berenberg Bank set a GBX 2,860 ($37.37) price objective on Diageo and gave the company a neutral rating in a research note on Friday, July 26th. Jefferies Financial Group reaffirmed a buy rating on shares of Diageo in a research note on Tuesday, June 18th. Credit Suisse Group set a GBX 3,750 ($49.00) price objective on Diageo and gave the company a buy rating in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein raised Diageo to a market perform rating and set a GBX 3,450 ($45.08) price objective on the stock in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 3,419.67 ($44.68).

Shares of LON:DGE opened at GBX 3,222 ($42.10) on Friday. The stock’s 50-day moving average price is GBX 3,408.72 and its 200-day moving average price is GBX 3,286.46. Diageo has a 12-month low of GBX 2,513 ($32.84) and a 12-month high of GBX 3,633.50 ($47.48). The stock has a market capitalization of $76.10 billion and a P/E ratio of 24.77. The company has a current ratio of 1.34, a quick ratio of 0.52 and a debt-to-equity ratio of 125.00.

The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 8th will be paid a GBX 42.47 ($0.55) dividend. The ex-dividend date is Thursday, August 8th. This is a boost from Diageo’s previous dividend of $26.10. This represents a dividend yield of 1.3%. Diageo’s dividend payout ratio (DPR) is presently 0.53%.

In related news, insider Siobhán Moriarty sold 22,703 shares of the firm’s stock in a transaction dated 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 bought 243 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of GBX 3,407 ($44.52) per share, for a total transaction of £8,279.01 ($10,817.99). Insiders purchased 30,250 shares of company stock worth $99,401,584 over the last three months.

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, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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