Berenberg Bank downgraded shares of Diageo plc (LON:DGE) to a hold rating in a report released on Wednesday morning, MarketBeat reports. They currently have GBX 2,550 ($32.93) price objective on the stock.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co set a GBX 2,500 ($32.29) target price on Diageo plc and gave the company a buy rating in a research note on Friday, July 28th. Shore Capital reissued a buy rating on shares of Diageo plc in a report on Thursday, June 22nd. UBS AG set a GBX 2,880 ($37.19) target price on Diageo plc and gave the stock a buy rating in a report on Wednesday, August 30th. Credit Suisse Group increased their price target on Diageo plc from GBX 2,700 ($34.87) to GBX 2,840 ($36.68) and gave the company an outperform rating in a research report on Tuesday, September 12th. Finally, Liberum Capital reiterated a sell rating and issued a GBX 2,000 ($25.83) price target on shares of Diageo plc in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 2,561.05 ($33.08).
Shares of Diageo plc (LON DGE) opened at 2488.00 on Wednesday. The stock’s 50 day moving average is GBX 2,534.18 and its 200 day moving average is GBX 2,355.66. Diageo plc has a 12 month low of GBX 1,946.00 and a 12 month high of GBX 2,616.00. The stock’s market cap is GBX 62.54 billion.
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The firm also recently announced a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 38.50 ($0.50) per share. This is a boost from Diageo plc’s previous dividend of $23.70. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.6%.
In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average price of GBX 2,503 ($32.33) per share, with a total value of £1,626,950 ($2,101,188.17). Also, insider Alan Stewart bought 4,076 shares of the stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of GBX 2,465 ($31.84) per share, for a total transaction of £100,473.40 ($129,760.30). Insiders have acquired a total of 69,099 shares of company stock worth $172,798,894 in the last three months.
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.
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