Diageo’s (LON:DGE) “Sell” Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their sell rating on shares of Diageo (LON:DGE) in a report issued on Wednesday, October 3rd.

DGE has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Diageo in a report on Monday, June 11th. UBS Group reaffirmed a buy rating on shares of Diageo in a report on Friday, September 14th. Morgan Stanley lifted their price target on Diageo from GBX 2,900 ($37.89) to GBX 3,100 ($40.51) and gave the company an overweight rating in a report on Wednesday, July 18th. Goldman Sachs Group raised Diageo to a buy rating and set a GBX 3,160 ($41.29) price target on the stock in a report on Friday, July 13th. Finally, Shore Capital reaffirmed a buy rating on shares of Diageo in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 2,852 ($37.27).

LON:DGE opened at GBX 2,541 ($33.20) on Wednesday. Diageo has a one year low of GBX 2,186.50 ($28.57) and a one year high of GBX 2,735.50 ($35.74).

Diageo (LON:DGE) last issued its earnings results on Thursday, July 26th. The company reported GBX 118.60 ($1.55) earnings per share (EPS) for the quarter, topping 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 firm also recently declared a dividend, which was paid on Thursday, October 4th. Shareholders of record on Thursday, August 9th were given a GBX 40.40 ($0.53) dividend. This is a positive change from Diageo’s previous dividend of $24.90. The ex-dividend date was Thursday, August 9th. This represents a yield of 1.43%.

In other Diageo news, insider Javier Ferrán purchased 30,000 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were purchased at an average price of GBX 2,525 ($32.99) per share, for a total transaction of £757,500 ($989,807.92). In the last 90 days, insiders acquired 30,309 shares of company stock worth $76,607,739.

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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