Diageo plc (LON:DGE) Receives GBX 2,876.67 Average PT from Analysts

Diageo plc (LON:DGE - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 2,876.67 ($37.17).

DGE has been the topic of several research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 2,500 ($32.30) price target on shares of Diageo in a research report on Tuesday, January 7th. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.18) price target on the stock in a research note on Friday, December 6th. Finally, UBS Group raised shares of Diageo to a "buy" rating and raised their price target for the company from GBX 2,300 ($29.72) to GBX 2,920 ($37.73) in a report on Thursday, December 12th.

Diageo Trading Down 0.6 %

LON DGE traded down GBX 13 ($0.17) during trading hours on Friday, reaching GBX 2,051.50 ($26.51). 3,936,534 shares of the company's stock were exchanged, compared to its average volume of 4,245,043. The business's fifty day simple moving average is GBX 2,231.01. Diageo has a one year low of GBX 2,031.50 ($26.25) and a one year high of GBX 2,955.50 ($38.19). The company has a market cap of £45.54 billion, a PE ratio of 11.49, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

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Diageo Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a dividend of GBX 20.75 ($0.27) per share. The ex-dividend date is Thursday, March 20th. This is a positive change from Diageo's previous dividend of $0.63. This represents a yield of 3.66%. Diageo's payout ratio is currently 44.25%.

Insider Buying and Selling at Diageo

In other Diageo news, insider Nik Jhangiani sold 65,676 shares of Diageo stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.98), for a total value of £1,421,885.40 ($1,837,298.62). Over the last ninety days, insiders acquired 19 shares of company stock valued at $43,455. Company insiders own 0.11% 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.