Diageo (DGE) Given Buy Rating at UBS

UBS reaffirmed their buy rating on shares of Diageo (LON:DGE) in a research note issued to investors on Wednesday, www.boersen-zeitung.de reports.

Several other research analysts have also issued reports on DGE. Shore Capital reiterated a buy rating on shares of Diageo in a research report on Thursday, January 25th. Goldman Sachs set a GBX 2,490 ($34.95) target price on shares of Diageo and gave the stock a neutral rating in a research report on Tuesday, January 23rd. Royal Bank of Canada set a GBX 2,300 ($32.29) target price on shares of Diageo and gave the stock a neutral rating in a research report on Monday, March 26th. Beaufort Securities lowered shares of Diageo to a hold rating and cut their price target for the company from GBX 2,600 ($36.50) to GBX 2,500 ($35.09) in a research report on Thursday, January 25th. Finally, Societe Generale set a GBX 2,896 ($40.65) price target on shares of Diageo and gave the company a buy rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Diageo presently has a consensus rating of Hold and a consensus price target of GBX 2,630.09 ($36.92).

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Shares of LON:DGE opened at GBX 2,492.50 ($34.99) on Wednesday. Diageo has a 52-week low of GBX 2,186.50 ($30.69) and a 52-week high of GBX 2,735.50 ($38.40).

Diageo (LON:DGE) last announced its earnings results on Thursday, January 25th. The company reported GBX 67.80 ($0.95) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 65.70 ($0.92) by GBX 2.10 ($0.03). Diageo had a net margin of 27.06% and a return on equity of 33.47%. The company had revenue of GBX 653 billion during the quarter.

The company also recently announced a dividend, which was paid on Friday, April 6th. Stockholders of record on Thursday, February 22nd were issued a dividend of GBX 24.90 ($0.35) per share. The ex-dividend date was Thursday, February 22nd. This represents a dividend yield of 0.99%.

In other news, insider Javier Ferrán bought 337 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of GBX 2,455 ($34.46) per share, for a total transaction of £8,273.35 ($11,613.35). Over the last quarter, insiders have bought 30,355 shares of company stock valued at $77,103,352.

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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, Tanqueray, and Guinness.

Analyst Recommendations for Diageo (LON:DGE)

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