Diageo (LON:DGE) Given “Hold” Rating at Liberum Capital

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Liberum Capital restated their hold rating on shares of Diageo (LON:DGE) in a research report report published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently issued reports on DGE. Barclays set a GBX 3,870 ($50.57) price target on Diageo and gave the stock a buy rating in a research report on Monday, July 29th. Shore Capital restated an under review rating on shares of Diageo in a research report on Thursday, September 19th. UBS Group restated a buy rating and issued a GBX 3,750 ($49.00) target price on shares of Diageo in a research report on Monday, August 19th. Kepler Capital Markets cut Diageo to a hold rating and increased their price target for the company from GBX 3,300 ($43.12) to GBX 3,400 ($44.43) in a report on Tuesday, July 9th. Finally, Deutsche Bank reaffirmed a hold rating and issued a GBX 3,500 ($45.73) price target (down previously from GBX 3,550 ($46.39)) on shares of Diageo in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Diageo has an average rating of Hold and an average target price of GBX 3,433 ($44.86).

DGE stock traded down GBX 111.50 ($1.46) during mid-day trading on Thursday, reaching GBX 3,210 ($41.94). 6,664,935 shares of the company’s stock were exchanged, compared to its average volume of 4,520,000. The company has a market cap of $75.68 billion and a price-to-earnings ratio of 24.67. The stock’s 50 day moving average is GBX 3,356.40 and its 200 day moving average is GBX 3,314.81. The company has a debt-to-equity ratio of 125.00, a current ratio of 1.34 and a quick ratio of 0.52. Diageo has a 12-month low of GBX 2,513 ($32.84) and a 12-month high of GBX 3,633.50 ($47.48).

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 8th were paid a GBX 42.47 ($0.55) dividend. The ex-dividend date was Thursday, August 8th. This is a boost from Diageo’s previous dividend of $26.10. This represents a dividend yield of 1.3%. Diageo’s payout ratio is presently 0.53%.

In other Diageo news, insider Javier Ferrán purchased 243 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of GBX 3,407 ($44.52) per share, with a total value of £8,279.01 ($10,817.99). Also, insider Siobhán Moriarty sold 22,703 shares of Diageo stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of GBX 3,509 ($45.85), for a total value of £796,648.27 ($1,040,962.07). Over the last quarter, insiders purchased 30,250 shares of company stock valued at $99,401,244.

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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