Diageo plc (LON:DGE) Receives Average Recommendation of “Moderate Buy” from Analysts

Diageo plc (LON:DGE) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,000.

DGE has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,900 target price on shares of Diageo in a report on Wednesday, May 6th. UBS Group reissued a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a report on Tuesday, May 5th.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni purchased 425 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of GBX 1,545 per share, for a total transaction of £6,566.25. Also, insider John Rishton purchased 3,274 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Insiders have acquired a total of 4,597 shares of company stock worth $6,998,475 over the last three months. 0.16% of the stock is currently owned by corporate insiders.

Diageo Trading Up 1.6%

LON:DGE opened at GBX 1,496.50 on Friday. The firm has a market cap of £33.28 billion, a P/E ratio of 13.83, a PEG ratio of 1.75 and a beta of 0.30. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The stock’s 50 day simple moving average is GBX 1,488.89 and its 200-day simple moving average is GBX 1,592.89. Diageo has a 12-month low of GBX 1,350 and a 12-month high of GBX 2,142.

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.