Deutsche Bank reaffirmed their buy rating on shares of Diageo plc (LON:DGE) in a report published on Monday, Market Beat Ratings reports. The brokerage currently has a GBX 1,950 ($28.05) price objective on the stock.

Diageo plc (LON:DGE) traded down 0.24% during mid-day trading on Monday, hitting GBX 1906.00. 4,888,190 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 1,837.22 and a 200-day moving average price of GBX 1,821.93. The stock’s market capitalization is GBX 47.78 billion. Diageo plc has a 12-month low of GBX 1,592.50 and a 12-month high of GBX 1,982.00.

The business also recently announced a dividend, which will be paid on Thursday, April 7th. Stockholders of record on Thursday, February 25th will be issued a dividend of GBX 22.60 ($0.33) per share. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, February 25th.

DGE has been the subject of a number of other reports. Credit Suisse reaffirmed an outperform rating and issued a GBX 2,100 ($30.21) price target on shares of Diageo plc in a report on Friday, December 11th. Barclays reiterated an overweight rating and issued a GBX 1,950 ($28.05) price objective on shares of Diageo plc in a research report on Friday, January 15th. Berenberg Bank reiterated a buy rating and issued a GBX 2,350 ($33.81) price objective on shares of Diageo plc in a research report on Thursday, October 15th. Jefferies Group reiterated a buy rating and issued a GBX 2,100 ($30.21) price objective on shares of Diageo plc in a research report on Thursday, November 12th. Finally, AlphaValue reiterated a reduce rating and issued a GBX 1,920 ($27.62) price objective on shares of Diageo plc in a research report on Thursday, December 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,971.73 ($28.37).

In related news, insider Stewart,Alan bought 1,060 shares of Diageo plc stock in a transaction dated Tuesday, February 2nd. The shares were bought at an average cost of GBX 1,899 ($27.32) per share, with a total value of £20,129.40 ($28,959.00). Also, insider Humer,Franz B bought 452 shares of Diageo plc stock in a transaction dated Thursday, December 10th. The shares were bought at an average cost of GBX 1,829 ($26.31) per share, for a total transaction of £8,267.08 ($11,893.37).

Diageo plc (LON:DGE) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. Diageo’s brands are also produced at plants owned and operated by third parties and joint ventures at a number of locations around the world. Its geographical segments are North America, Europe, Africa, Latin America and Caribbean, Asia Pacific and Corporate. It offers products under various brands, including Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, Guinness, Crown Royal, Yeni Raki, JeB, Buchanan’s, Bundaberg, Ypioca, Cacique, Windsor, Bell’s, JeB, Grand Old Parr, Shui Jing Fang, Ciroc and Bulleit Bourbon, among others.

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