Diageo plc (LON:DGE) Receives GBX 2,029 Consensus PT from Analysts

Diageo plc (LON:DGE) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,029.

DGE has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of 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 reiterated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, May 27th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. UBS Group restated a “neutral” rating and issued a GBX 1,600 price objective on shares of Diageo in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,700 price objective on shares of Diageo in a report on Friday, August 7th.

Diageo Stock Performance

Shares of Diageo stock opened at GBX 1,719.50 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 197.88. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 2,142. The firm’s 50 day moving average is GBX 1,596.99 and its two-hundred day moving average is GBX 1,564.04. The firm has a market capitalization of £38.23 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.75 and a beta of 0.31.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni bought 362 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of GBX 1,809 per share, with a total value of £6,548.58. Over the last ninety days, insiders bought 1,267 shares of company stock valued at $1,999,464. 0.17% 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.