Credit Suisse Group set a GBX 3,750 ($49.00) target price on Diageo (LON:DGE) in a research report report published on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on DGE. Citigroup upped their target price on Cyberark Software from $111.00 to $130.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lowered their target price on Boeing from $430.00 to $425.00 and set an overweight rating on the stock in a research note on Thursday, July 25th. Deutsche Bank set a $129.00 target price on Proofpoint and gave the stock a hold rating in a research note on Friday. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,453 ($18.99) price target on shares of in a report on Tuesday, June 18th. Finally, Shore Capital reaffirmed a buy rating on shares of AstraZeneca in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 3,355.36 ($43.84).

Shares of DGE opened at GBX 3,412 ($44.58) on Friday. Diageo has a 52 week low of GBX 2,513 ($32.84) and a 52 week high of GBX 3,500.50 ($45.74). The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 109.30. The stock has a market capitalization of $80.93 billion and a P/E ratio of 28.60. The business has a 50-day moving average of GBX 3,398.89.

The firm 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 is a boost from Diageo’s previous dividend of $26.10. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.3%. Diageo’s dividend payout ratio is presently 0.56%.

In other Diageo news, insider Javier Ferrán purchased 30,000 shares of Diageo stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of GBX 3,285 ($42.92) per share, with a total value of £985,500 ($1,287,730.30). Insiders purchased a total of 30,013 shares of company stock valued at $98,593,479 in the last ninety days.

Diageo Company Profile

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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