Diageo (DGE) Given Overweight Rating at Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Diageo (LON:DGE) in a research report report published on Tuesday morning. The firm currently has a GBX 2,900 ($40.45) price objective on the stock.

DGE has been the subject of a number of other reports. Societe Generale set a GBX 2,896 ($40.39) price objective on Diageo and gave the stock a buy rating in a research note on Friday, January 26th. Investec restated a hold rating and set a GBX 2,550 ($35.56) price objective on shares of Diageo in a research note on Monday, January 29th. Goldman Sachs set a GBX 2,490 ($34.73) price objective on Diageo and gave the stock a neutral rating in a research note on Tuesday, January 23rd. UBS set a GBX 2,880 ($40.17) price objective on Diageo and gave the stock a buy rating in a research note on Thursday, January 25th. Finally, Berenberg Bank restated a hold rating and set a GBX 2,550 ($35.56) price objective on shares of Diageo in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 2,621 ($36.56).

Shares of DGE stock opened at GBX 2,465.50 ($34.39) on Tuesday. Diageo has a twelve month low of GBX 2,186.50 ($30.50) and a twelve month high of GBX 2,735.50 ($38.15).

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

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

In related news, insider Javier Ferrán bought 337 shares of the stock in a transaction dated Monday, March 12th. The shares were purchased at an average price of GBX 2,455 ($34.24) per share, for a total transaction of £8,273.35 ($11,538.84). Insiders bought 30,674 shares of company stock worth $77,907,904 over the last three months.

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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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