Diageo plc (LON:DGE) Receives GBX 2,724 Consensus Price Target from Analysts

Diageo plc (LON:DGE) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 2,665.33 ($36.08).

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,372 ($32.11) price objective on shares of Diageo in a report on Wednesday.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 315 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 2,079 ($28.14) per share, with a total value of £6,548.85 ($8,865.37). Also, insider Nik Jhangiani sold 65,676 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($29.31), for a total transaction of £1,421,885.40 ($1,924,848.25). Insiders have acquired a total of 621 shares of company stock worth $1,326,179 in the last quarter. Corporate insiders own 0.11% of the company’s stock.

Diageo Price Performance

LON:DGE opened at GBX 2,040.47 ($27.62) on Wednesday. Diageo has a 12-month low of GBX 1,908 ($25.83) and a 12-month high of GBX 2,731.50 ($36.98). The firm has a market capitalization of £45.30 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.75 and a beta of 0.36. The stock’s 50 day moving average price is GBX 2,079.91 and its two-hundred day moving average price is GBX 2,252.06. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Diageo Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a GBX 20.75 ($0.28) dividend. This is a boost from Diageo’s previous dividend of $0.63. The ex-dividend date was Thursday, March 20th. This represents a yield of 3.66%. Diageo’s payout ratio is 44.25%.

Diageo Company Profile

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.