Diageo - DGE Share Forecast, Price & News

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products. It provides its products under the Johnnie Walker, Crown Royal, Bulleit and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray, and Guinness brands. The company has operations in North America, Europe, Turkey, Africa, Latin America, the Caribbean, the Asia Pacific, and internationally. The company was incorporated in 1886 and is headquartered in London, the United Kingdom.

Analyst Ratings Changes

DGE has been the topic of several analyst reports. UBS Group set a GBX 4,300 ($51.96) price target on shares of Diageo in a report on Tuesday, June 21st. Berenberg Bank upped their target price on shares of Diageo from GBX 3,900 ($47.12) to GBX 4,160 ($50.27) and gave the stock a "hold" rating in a report on Monday, August 1st. Barclays lifted their price target on shares of Diageo from GBX 3,430 ($41.45) to GBX 5,040 ($60.90) and gave the company an "overweight" rating in a research report on Friday, June 17th. Citigroup reissued a "neutral" rating and set a GBX 4,150 ($50.14) target price on shares of Diageo in a research note on Tuesday, June 21st. Finally, set a GBX 3,300 ($39.87) price target on shares of Diageo in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo has an average rating of "Hold" and a consensus price target of GBX 4,124 ($49.83).

Diageo Trading Up 0.9 %

LON:DGE opened at GBX 3,881.50 ($46.90) on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 176.36. Diageo has a 12 month low of GBX 3,282.50 ($39.66) and a 12 month high of GBX 4,110 ($49.66). The company's 50 day moving average is GBX 3,663.06 and its 200-day moving average is GBX 3,720.37. The firm has a market cap of £88.45 billion and a price-to-earnings ratio of 2,775.71.

Diageo Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, August 25th will be paid a dividend of GBX 46.82 ($0.57) per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 1.24%. This is an increase from Diageo's previous dividend of $29.36. Diageo's payout ratio is currently 52.82%.

Insider Buying and Selling

In other Diageo news, insider Javier Ferrán acquired 216 shares of the business's stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of GBX 3,825 ($46.22) per share, for a total transaction of £8,262 ($9,983.08). Insiders acquired 685 shares of company stock valued at $2,482,229 over the last quarter.