Shore Capital Reiterates Buy Rating for Diageo plc (DGE)

Shore Capital reiterated their buy rating on shares of Diageo plc (LON:DGE) in a research report sent to investors on Thursday morning.

DGE has been the topic of a number of other reports. J P Morgan Chase & Co set a GBX 2,500 ($33.16) price target on Diageo plc and gave the company a buy rating in a research note on Friday, July 28th. UBS AG set a GBX 2,880 ($38.20) price target on Diageo plc and gave the company a buy rating in a research note on Wednesday, August 30th. Credit Suisse Group lifted their price target on Diageo plc from GBX 2,700 ($35.81) to GBX 2,840 ($37.67) and gave the company an outperform rating in a research note on Tuesday, September 12th. Liberum Capital restated a sell rating and issued a GBX 2,000 ($26.53) price target on shares of Diageo plc in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG set a GBX 2,175 ($28.85) price target on Diageo plc and gave the company a neutral rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Diageo plc has a consensus rating of Buy and an average price target of GBX 2,555.82 ($33.90).

Diageo plc (LON DGE) opened at 2540.00 on Thursday. 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 50 day moving average price is GBX 2,525.30 and its 200-day moving average price is GBX 2,375.42. The stock’s market cap is GBX 63.84 billion.

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The firm also recently announced a dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, August 10th were paid a GBX 38.50 ($0.51) dividend. This is a positive change from Diageo plc’s previous dividend of $23.70. This represents a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 10th.

In other news, insider Javier Ferran purchased 65,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($33.20) per share, for a total transaction of £1,626,950 ($2,158,044.83). Also, insider Alan Stewart purchased 4,076 shares of the company’s stock in a transaction on Friday, July 28th. The shares were purchased at an average price of GBX 2,465 ($32.70) per share, with a total value of £100,473.40 ($133,271.52). Insiders purchased 69,091 shares of company stock valued at $172,780,614 over the last quarter.

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.

Analyst Recommendations for Diageo plc (LON:DGE)

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