Diageo (LON:DGE) Upgraded at Royal Bank Of Canada

Diageo (LON:DGE) was upgraded by investment analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued on Tuesday,Digital Look reports. The firm presently has a GBX 2,000 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 24.84% from the company’s previous close.

A number of other research analysts also recently commented on DGE. Citigroup decreased their price objective on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research report on Monday, October 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,300 price target on shares of Diageo in a report on Friday, November 7th. JPMorgan Chase & Co. dropped their price objective on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research report on Friday, November 28th. Finally, UBS Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Diageo in a report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,148.75.

Diageo Stock Up 1.6%

Shares of LON DGE traded up GBX 25 during trading hours on Tuesday, hitting GBX 1,602. The company had a trading volume of 2,147,000,000 shares, compared to its average volume of 617,225,375. Diageo has a 1-year low of GBX 1,564 and a 1-year high of GBX 2,567.50. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The firm’s 50 day moving average is GBX 1,695.59 and its 200-day moving average is GBX 1,829.56. The stock has a market capitalization of £35.62 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other news, insider John Alexander Manzoni bought 410 shares of the stock in a transaction dated Wednesday, December 10th. The shares were bought at an average price of GBX 1,600 per share, for a total transaction of £6,560. Insiders purchased a total of 1,148 shares of company stock valued at $2,012,936 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

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.