Diageo plc (LON:DGE) Given Consensus Recommendation of “Hold” by Analysts
Diageo plc (LON:DGE) has been assigned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 3,312.92 ($43.29).
DGE has been the subject of a number of recent research reports. Deutsche Bank boosted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Berenberg Bank restated a “buy” rating and set a GBX 250 ($3.27) target price on shares of in a research note on Tuesday, June 18th. Royal Bank of Canada restated a “hold” rating and set a $0.35 target price on shares of DB Commodity Double Short ETN in a research note on Friday, July 12th. Kepler Capital Markets restated a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a research note on Tuesday, July 9th. Finally, Investec upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Monday, March 25th.
Shares of DGE stock traded down GBX 12.50 ($0.16) during mid-day trading on Friday, reaching GBX 3,387 ($44.26). 2,942,895 shares of the company’s stock traded hands, compared to its average volume of 4,520,000. Diageo has a 12 month low of GBX 2,513 ($32.84) and a 12 month high of GBX 3,500.50 ($45.74). The firm’s 50 day moving average price is GBX 3,398.81. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 109.30. The stock has a market cap of $80.34 billion and a price-to-earnings ratio of 28.39.
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, Bundaberg, McDowell's No.
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