Diageo plc (LON:DGE - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,876.67 ($37.17).
Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($36.18) price target on the stock in a report on Friday, December 6th. UBS Group raised Diageo to a "buy" rating and increased their price target for the company from GBX 2,300 ($29.72) to GBX 2,920 ($37.73) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 2,500 ($32.30) target price on shares of Diageo in a research note on Tuesday, January 7th.
View Our Latest Report on Diageo
Diageo Stock Performance
Shares of LON DGE traded down GBX 19.50 ($0.25) during trading on Friday, hitting GBX 2,032 ($26.26). 1,720,679,625 shares of the company traded hands, compared to its average volume of 33,336,156. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The firm has a fifty day moving average of GBX 2,231.01. The firm has a market cap of £45.11 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a fifty-two week low of GBX 2,027.70 ($26.20) and a fifty-two week high of GBX 2,955.50 ($38.19).
Diageo Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 20.75 ($0.27) per share. This is an increase from Diageo's previous dividend of $0.63. This represents a yield of 3.66%. The ex-dividend date is Thursday, March 20th. Diageo's payout ratio is presently 44.25%.
Insider Activity
In other news, insider Nik Jhangiani sold 65,676 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.98), for a total value of £1,421,885.40 ($1,837,298.62). In the last 90 days, insiders have purchased 19 shares of company stock valued at $43,455. Corporate insiders own 0.11% of the company's stock.
About Diageo
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Get Free ReportDiageo 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.
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