Goldman Sachs Group started coverage on shares of Diageo (LON:DGE) in a research note published on Wednesday, Borsen Zeitung reports. The firm issued a buy rating and a GBX 3,600 ($47.36) price objective on the stock.

A number of other research analysts have also issued reports on DGE. Kepler Capital Markets upgraded shares of Diageo to a buy rating and raised their price objective for the company from GBX 3,400 ($44.73) to GBX 3,700 ($48.67) in a report on Monday, February 3rd. Citigroup reiterated a buy rating on shares of Diageo in a report on Monday, February 3rd. UBS Group reiterated a buy rating and issued a GBX 3,480 ($45.78) price objective (down previously from GBX 3,750 ($49.33)) on shares of Diageo in a report on Wednesday, February 5th. Barclays reiterated an overweight rating on shares of Diageo in a report on Monday, February 17th. Finally, Berenberg Bank dropped their price objective on shares of Diageo from GBX 2,860 ($37.62) to GBX 2,720 ($35.78) and set a hold rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 3,314 ($43.59).

LON DGE traded down GBX 86.09 ($1.13) during trading hours on Wednesday, reaching GBX 2,820 ($37.10). The company’s stock had a trading volume of 4,537,982 shares, compared to its average volume of 4,520,000. The firm has a fifty day simple moving average of GBX 3,152.30 and a 200-day simple moving average of GBX 3,214.25. The stock has a market cap of $65.90 billion and a P/E ratio of 22.07. Diageo has a 52 week low of GBX 2,887 ($37.98) and a 52 week high of GBX 3,633.50 ($47.80). The company has a debt-to-equity ratio of 151.22, a current ratio of 1.15 and a quick ratio of 0.52.

The company also recently announced a dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, February 27th will be given a dividend of GBX 27.41 ($0.36) per share. This represents a yield of 0.9%. The ex-dividend date is Thursday, February 27th. Diageo’s dividend payout ratio is presently 0.55%.

In other news, insider Javier Ferrán bought 255 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was acquired at an average price of GBX 3,249 ($42.74) per share, with a total value of £8,284.95 ($10,898.38). Insiders have acquired a total of 534 shares of company stock valued at $1,680,500 in 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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