UBS set a GBX 2,880 ($41.24) price objective on Diageo (LON:DGE) in a report released on Monday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
A number of other research firms also recently commented on DGE. S&P Global set a GBX 2,900 ($41.52) target price on shares of Diageo and gave the company a buy rating in a research report on Thursday, January 25th. Royal Bank of Canada downgraded shares of Diageo to a sector performer rating and dropped their target price for the company from GBX 2,600 ($37.23) to GBX 2,400 ($34.36) in a research report on Monday, January 29th. Deutsche Bank increased their target price on shares of Diageo from GBX 2,375 ($34.01) to GBX 2,750 ($39.38) and gave the company a hold rating in a research report on Thursday, January 18th. Kepler Capital Markets reaffirmed a hold rating and issued a GBX 2,550 ($36.51) target price on shares of Diageo in a research report on Thursday, January 25th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 2,000 ($28.64) target price on shares of Diageo in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,621 ($37.53).
Shares of DGE opened at GBX 2,464 ($35.28) on Monday. Diageo has a twelve month low of GBX 2,186.50 ($31.31) and a twelve month high of GBX 2,735.50 ($39.17).
Diageo (LON:DGE) last announced its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.97) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 65.70 ($0.94) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%. The business had revenue of GBX 653 billion for the quarter.
The firm also recently disclosed a dividend, which was paid on Friday, April 6th. Shareholders of record on Thursday, February 22nd were given a dividend of GBX 24.90 ($0.36) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend was Thursday, February 22nd.
In other Diageo news, insider Javier Ferrán acquired 337 shares of the stock in a transaction on Monday, March 12th. The shares were bought at an average cost of GBX 2,455 ($35.15) per share, with a total value of £8,273.35 ($11,846.15). Insiders have acquired a total of 30,674 shares of company stock worth $77,907,904 over the last three months.
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Diageo Company Profile
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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