Morgan Stanley restated their overweight rating on shares of Diageo plc (LON:DGE) in a research note published on Wednesday, Marketbeat.com reports. Morgan Stanley currently has a GBX 2,700 ($35.16) price target on the stock.
A number of other research analysts also recently weighed in on the company. Citigroup Inc. set a GBX 2,500 ($32.56) target price on Diageo plc and gave the company a neutral rating in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a GBX 2,400 ($31.25) target price on Diageo plc and gave the company a neutral rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co increased their target price on Diageo plc from GBX 2,500 ($32.56) to GBX 2,800 ($36.46) and gave the company an overweight rating in a report on Monday, July 31st. Berenberg Bank restated a buy rating and issued a GBX 2,550 ($33.21) price target on shares of Diageo plc in a research report on Friday, July 28th. Finally, Credit Suisse Group upped their price target on Diageo plc from GBX 2,550 ($33.21) to GBX 2,700 ($35.16) and gave the stock an outperform rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 2,521.05 ($32.83).
Shares of Diageo plc (LON DGE) opened at 2474.00 on Wednesday. The stock’s market cap is GBX 62.18 billion. The company has a 50-day moving average price of GBX 2,346.28 and a 200 day moving average price of GBX 2,299.09. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,545.50.
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The company also recently declared 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 represents a yield of 1.6%. The ex-dividend date is Thursday, August 10th. This is a boost from Diageo plc’s previous dividend of $23.70.
In other news, insider Alan Stewart purchased 4,076 shares of the business’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of GBX 2,465 ($32.10) per share, for a total transaction of £100,473.40 ($130,841.78). Also, insider Kathryn Mikells sold 20,664 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.83), for a total value of £473,412.24 ($616,502.46). Insiders have acquired a total of 4,100 shares of company stock valued at $10,103,875 in the last 90 days.
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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