Shares of Diageo plc (LON:DGE – Get Free Report) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,948 ($37.64).
Several analysts recently weighed in on DGE shares. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($38.30) price objective on shares of Diageo in a research report on Monday, July 29th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,800 ($35.75) price target on shares of Diageo in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th. Barclays boosted their price target on shares of Diageo from GBX 3,550 ($45.33) to GBX 3,640 ($46.48) and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada dropped their price target on shares of Diageo from GBX 2,500 ($31.92) to GBX 2,100 ($26.81) and set an “underperform” rating on the stock in a research report on Wednesday, July 31st.
Read Our Latest Research Report on DGE
Diageo Stock Performance
Diageo Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, August 29th will be issued a $0.63 dividend. This is an increase from Diageo’s previous dividend of $0.41. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 29th. Diageo’s payout ratio is presently 5,625.00%.
Insider Buying and Selling
In other Diageo news, insider Javier Ferrán bought 314 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of GBX 2,640 ($33.71) per share, for a total transaction of £8,289.60 ($10,584.27). Insiders own 0.13% of the company’s stock.
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
Further Reading
- Five stocks we like better than Diageo
- How to Capture the Benefits of Dividend Increases
- How to Invest in Silver: A Beginner’s Guide
- Best Stocks Under $5.00
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- Election Stocks: How Elections Affect the Stock Market
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.