Sanford C. Bernstein Reiterates GBX 3,300 Price Target for Diageo (LON:DGE)

Sanford C. Bernstein set a GBX 3,300 ($43.12) price objective on Diageo (LON:DGE) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

DGE has been the subject of a number of other research reports. Shore Capital reiterated an under review rating on shares of Diageo in a report on Thursday, September 19th. Credit Suisse Group set a GBX 3,750 ($49.00) price objective on shares of Diageo and gave the company a buy rating in a report on Tuesday, August 6th. Royal Bank of Canada set a GBX 3,100 ($40.51) price objective on shares of Diageo and gave the company a neutral rating in a report on Thursday, July 25th. Kepler Capital Markets set a GBX 3,400 ($44.43) price objective on shares of Diageo and gave the company a neutral rating in a report on Friday, October 4th. Finally, Barclays reiterated an overweight rating on shares of Diageo in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 3,433 ($44.86).

Shares of LON DGE opened at GBX 3,210 ($41.94) on Wednesday. The company has a 50 day simple moving average of GBX 3,356.40 and a 200 day simple moving average of GBX 3,314.81. The firm has a market cap of $75.68 billion and a PE ratio of 24.67. Diageo has a 1 year low of GBX 2,513 ($32.84) and a 1 year high of GBX 3,633.50 ($47.48). The company has a debt-to-equity ratio of 125.00, a current ratio of 1.34 and a quick ratio of 0.52.

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

In other Diageo news, insider Siobhán Moriarty sold 22,703 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 3,509 ($45.85), for a total transaction of £796,648.27 ($1,040,962.07). Also, insider Javier Ferrán purchased 30,000 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average price of GBX 3,285 ($42.92) per share, with a total value of £985,500 ($1,287,730.30). In the last 90 days, insiders have acquired 30,250 shares of company stock valued at $99,401,244.

About Diageo

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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