Goldman Sachs Group set a GBX 3,100 ($40.51) price objective on Diageo (LON:DGE) in a report released on Thursday, September 20th. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. restated a buy rating on shares of Diageo in a report on Monday, June 11th. Societe Generale restated a buy rating on shares of Diageo in a report on Thursday, June 7th. Credit Suisse Group set a GBX 2,950 ($38.55) target price on shares of Diageo and gave the company a buy rating in a report on Tuesday, May 29th. Citigroup restated a buy rating and issued a GBX 3,000 ($39.20) target price on shares of Diageo in a report on Friday, May 25th. Finally, Shore Capital restated a buy rating on shares of Diageo in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 2,852 ($37.27).

Shares of Diageo stock traded up GBX 17.50 ($0.23) on Thursday, hitting GBX 2,541 ($33.20). The company’s stock had a trading volume of 4,844,859 shares, compared to its average volume of 4,520,000. Diageo has a 52-week low of GBX 2,186.50 ($28.57) and a 52-week high of GBX 2,735.50 ($35.74).

Diageo (LON:DGE) last released its earnings results on Thursday, July 26th. The company reported GBX 118.60 ($1.55) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 116.50 ($1.52) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%.

The business also recently disclosed a dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, August 9th were paid a dividend of GBX 40.40 ($0.53) per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a dividend yield of 1.43%. This is an increase from Diageo’s previous dividend of $24.90.

In related news, insider Javier Ferrán acquired 30,000 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was bought at an average price of GBX 2,525 ($32.99) per share, with a total value of £757,500 ($989,807.92). In the last ninety days, insiders have bought 30,309 shares of company stock valued at $76,607,739.

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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