Diageo plc (LON:DGE) Given Consensus Rating of “Moderate Buy” by Brokerages

Diageo plc (LON:DGE) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 2,029.

A number of brokerages have weighed in on DGE. Jefferies Financial Group lifted their price objective on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Monday, August 24th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,700 price objective on shares of Diageo in a research report on Friday, August 7th.

Diageo Trading Down 0.1%

Shares of Diageo stock opened at GBX 1,628 on Tuesday. The firm has a market cap of £36.20 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 52-week low of GBX 1,295.50 and a 52-week high of GBX 1,966.50. The company’s 50-day simple moving average is GBX 1,636.05 and its 200-day simple moving average is GBX 1,557.75. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

Insider Buying and Selling

In related news, insider John Alexander Manzoni acquired 362 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of GBX 1,809 per share, with a total value of £6,548.58. Insiders have bought a total of 1,267 shares of company stock worth $1,999,464 over the last quarter. 0.16% of the stock is currently owned by insiders.

Diageo Company Profile

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.