Diageo (LON:DGE) Earns Under Review Rating from Shore Capital

Shore Capital reiterated their under review rating on shares of Diageo (LON:DGE) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other research firms have also weighed in on DGE. UBS Group reaffirmed a buy rating and set a GBX 3,750 ($49.00) target price on shares of Diageo in a report on Monday, August 19th. Berenberg Bank set a GBX 2,860 ($37.37) target price on shares of Diageo and gave the company a neutral rating in a report on Friday, July 26th. Barclays set a GBX 3,870 ($50.57) target price on shares of Diageo and gave the company a buy rating in a report on Monday, July 29th. Kepler Capital Markets lowered shares of Diageo to a hold rating and lifted their target price for the company from GBX 3,300 ($43.12) to GBX 3,400 ($44.43) in a report on Tuesday, July 9th. Finally, Credit Suisse Group set a GBX 3,750 ($49.00) target price on shares of Diageo and gave the company a buy rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Diageo has an average rating of Hold and an average target price of GBX 3,419.67 ($44.68).

LON:DGE opened at GBX 3,222 ($42.10) on Thursday. The company has a debt-to-equity ratio of 125.00, a current ratio of 1.34 and a quick ratio of 0.52. The firm has a market cap of $76.10 billion and a price-to-earnings ratio of 24.77. The company has a 50 day moving average price of GBX 3,408.72 and a 200-day moving average price of GBX 3,286.46. Diageo has a 1-year low of GBX 2,513 ($32.84) and a 1-year high of GBX 3,633.50 ($47.48).

The business also recently declared a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 8th will be issued a GBX 42.47 ($0.55) dividend. This represents a yield of 1.3%. The ex-dividend date is Thursday, August 8th. This is a positive change from Diageo’s previous dividend of $26.10. Diageo’s payout ratio is presently 0.53%.

In related news, insider Javier Ferrán purchased 243 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of GBX 3,407 ($44.52) per share, with a total value of £8,279.01 ($10,817.99). Also, insider Siobhán Moriarty sold 22,703 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of GBX 3,509 ($45.85), for a total transaction of £796,648.27 ($1,040,962.07). In the last three months, insiders purchased 30,250 shares of company stock valued at $99,401,584.

About Diageo

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, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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