J P Morgan Chase & Co Analysts Give Diageo plc (DGE) a GBX 2,800 Price Target

J P Morgan Chase & Co set a GBX 2,800 ($36.81) price target on Diageo plc (LON:DGE) in a research note issued to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Jefferies Group LLC set a GBX 3,000 ($39.44) target price on Diageo plc and gave the stock a buy rating in a research note on Friday, September 1st. Liberum Capital restated a sell rating and set a GBX 2,000 ($26.30) target price on shares of Diageo plc in a research note on Tuesday, July 11th. BNP Paribas restated an outperform rating and set a GBX 2,435 ($32.01) target price on shares of Diageo plc in a research note on Wednesday, July 19th. Sanford C. Bernstein set a GBX 2,920 ($38.39) price target on Diageo plc and gave the company a buy rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG set a GBX 2,175 ($28.60) price target on Diageo plc and gave the company a neutral rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 2,557.41 ($33.62).

Shares of Diageo plc (LON DGE) opened at 2551.50 on Thursday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00. The stock has a 50 day moving average price of GBX 2,520.59 and a 200 day moving average price of GBX 2,384.98. The firm’s market capitalization is GBX 64.13 billion.

TRADEMARK VIOLATION WARNING: “J P Morgan Chase & Co Analysts Give Diageo plc (DGE) a GBX 2,800 Price Target” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/15/j-p-morgan-chase-co-analysts-give-diageo-plc-dge-a-gbx-2800-price-target.html.

The firm also recently declared a dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th were issued a dividend of GBX 38.50 ($0.51) per share. This is an increase 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 Alan Stewart bought 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of GBX 2,465 ($32.41) per share, for a total transaction of £100,473.40 ($132,097.55). Also, insider Javier Ferran bought 65,000 shares of Diageo plc stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($32.91) per share, with a total value of £1,626,950 ($2,139

Several other equities research analysts have also recently weighed in on the company. Jefferies Group LLC set a GBX 3,000 ($39.44) target price on Diageo plc and gave the stock a buy rating in a research note on Friday, September 1st. Liberum Capital restated a sell rating and set a GBX 2,000 ($26.30) target price on shares of Diageo plc in a research note on Tuesday, July 11th. BNP Paribas restated an outperform rating and set a GBX 2,435 ($32.01) target price on shares of Diageo plc in a research note on Wednesday, July 19th. Sanford C. Bernstein set a GBX 2,920 ($38.39) price target on Diageo plc and gave the company a buy rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG set a GBX 2,175 ($28.60) price target on Diageo plc and gave the company a neutral rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 2,557.41 ($33.62).

Shares of Diageo plc (LON DGE) opened at 2551.50 on Thursday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,616.00. The stock has a 50 day moving average price of GBX 2,520.59 and a 200 day moving average price of GBX 2,384.98. The firm’s market capitalization is GBX 64.13 billion.

TRADEMARK VIOLATION WARNING: “J P Morgan Chase & Co Analysts Give Diageo plc (DGE) a GBX 2,800 Price Target” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/15/j-p-morgan-chase-co-analysts-give-diageo-plc-dge-a-gbx-2800-price-target.html.

The firm also recently declared a dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th were issued a dividend of GBX 38.50 ($0.51) per share. This is an increase 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 Alan Stewart bought 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of GBX 2,465 ($32.41) per share, for a total transaction of £100,473.40 ($132,097.55). Also, insider Javier Ferran bought 65,000 shares of Diageo plc stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($32.91) per share, with a total value of £1,626,950 ($2,139,034.97). Over the last quarter, insiders have acquired 69,100 shares of company stock valued at $172,803,654.

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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