Diageo plc (LON:DGE) Receives GBX 2,000 Consensus Target Price from Brokerages

Shares of Diageo plc (LON:DGE) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 2,000.

A number of brokerages have weighed in on DGE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Wednesday, March 4th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,900 price target on shares of Diageo in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd.

Insider Activity

In other news, insider Nik Jhangiani sold 19,871 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total transaction of £298,065. Also, insider John Alexander Manzoni purchased 425 shares of Diageo stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of GBX 1,545 per share, with a total value of £6,566.25. Insiders have bought a total of 1,323 shares of company stock valued at $1,999,077 in the last ninety days. Insiders own 0.16% of the company’s stock.

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,490.50 on Wednesday. Diageo has a fifty-two week low of GBX 1,350 and a fifty-two week high of GBX 2,215. The business has a 50-day simple moving average of GBX 1,463.73 and a two-hundred day simple moving average of GBX 1,622.67. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The firm has a market cap of £33.14 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.