Diageo plc’s (LON:DGE) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of Diageo plc (LON:DGE) in a research note released on Wednesday. The brokerage currently has a GBX 2,700 ($35.16) price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Berenberg Bank reissued a buy rating and set a GBX 2,430 ($31.64) price target on shares of Diageo plc in a research report on Monday, May 15th. Jefferies Group LLC boosted their price target on shares of Diageo plc from GBX 2,500 ($32.56) to GBX 2,600 ($33.86) and gave the stock a buy rating in a research report on Wednesday, May 10th. UBS AG set a GBX 2,450 ($31.91) price target on shares of Diageo plc and gave the stock a buy rating in a research report on Wednesday, April 19th. Shore Capital reissued a buy rating on shares of Diageo plc in a research report on Wednesday, June 7th. Finally, J P Morgan Chase & Co reissued an overweight rating and set a GBX 2,500 ($32.56) price target on shares of Diageo plc in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Diageo plc presently has a consensus rating of Buy and an average target price of GBX 2,521.05 ($32.83).

Diageo plc (LON DGE) opened at 2474.00 on Wednesday. The firm’s market capitalization is GBX 62.18 billion. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,545.50. The firm’s 50-day moving average is GBX 2,346.28 and its 200 day moving average is GBX 2,299.09.

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The firm also recently announced a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be paid a GBX 38.50 ($0.50) dividend. This is an increase from Diageo plc’s previous dividend of $23.70. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.6%.

In other Diageo plc news, insider Alan Stewart bought 4,076 shares of Diageo plc stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of GBX 2,465 ($32.10) per share, for a total transaction of £100,473.40 ($130,841.78). Also, insider Kathryn Mikells sold 20,664 shares of Diageo plc stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.83), for a total transaction of £473,412.24 ($616,502.46). Insiders bought 4,100 shares of company stock valued at $10,103,875 in the last quarter.

About Diageo plc

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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