Diageo (LON:DGE) had its price objective upped by Kepler Capital Markets from GBX 2,850 ($36.76) to GBX 3,100 ($39.99) in a research report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reissued a buy rating on shares of Diageo in a research report on Monday, June 11th. Societe Generale reissued a buy rating on shares of Diageo in a research report on Thursday, June 7th. Credit Suisse Group set a GBX 2,950 ($38.05) target price on Diageo and gave the stock a buy rating in a research report on Tuesday, May 29th. Citigroup reissued a buy rating and set a GBX 3,000 ($38.70) target price on shares of Diageo in a research report on Friday, May 25th. Finally, Shore Capital reissued a buy rating on shares of Diageo in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Diageo has an average rating of Buy and a consensus target price of GBX 2,834.50 ($36.56).
Diageo stock opened at GBX 2,681.50 ($34.59) on Tuesday. Diageo has a 52 week low of GBX 2,186.50 ($28.21) and a 52 week high of GBX 2,735.50 ($35.29).
Diageo (LON:DGE) last released its earnings results on Thursday, July 26th. The company reported GBX 118.60 ($1.53) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 116.50 ($1.50) by GBX 2.10 ($0.03). Diageo had a return on equity of 33.47% and a net margin of 27.06%.
The business also recently disclosed a dividend, which will be paid on Thursday, October 4th. Shareholders of record on Thursday, August 9th will be issued a dividend of GBX 40.40 ($0.52) per share. This represents a yield of 1.43%. This is an increase from Diageo’s previous dividend of $24.90. The ex-dividend date is Thursday, August 9th.
In related news, insider Javier Ferrán acquired 299 shares of the firm’s stock in a transaction on Tuesday, July 10th. The shares were bought at an average cost of GBX 2,768 ($35.71) per share, with a total value of £8,276.32 ($10,676.37). Insiders have acquired 605 shares of company stock worth $1,677,976 over the last ninety days.
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, Tanqueray, and Guinness.
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