Diageo plc (LON:DGE) insider Javier Ferran purchased 65,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18).
Shares of Diageo plc (DGE) opened at 2594.00 on Thursday. The company has a 50 day moving average price of GBX 2,363.97 and a 200 day moving average price of GBX 2,307.27. The company’s market cap is GBX 65.20 billion. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,602.00.
The business also recently disclosed a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 38.50 ($0.50) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.6%. This is a positive change from Diageo plc’s previous dividend of $23.70.
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Several research analysts have recently weighed in on the company. UBS AG set a GBX 2,450 ($31.81) price target on Diageo plc and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Jefferies Group LLC boosted their price target on Diageo plc from GBX 2,500 ($32.45) to GBX 2,600 ($33.75) and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Berenberg Bank restated a “buy” rating and issued a GBX 2,430 ($31.55) price target on shares of Diageo plc in a research note on Monday, May 15th. Shore Capital restated a “buy” rating on shares of Diageo plc in a research note on Wednesday, June 7th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,500 ($32.45) price target on shares of Diageo plc in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. Diageo plc has an average rating of “Buy” and an average target price of GBX 2,521.05 ($32.73).
Diageo plc Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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