Diageo plc (NYSE:DEO) Given Average Recommendation of “Hold” by Brokerages

Diageo plc (NYSE:DEOGet Rating) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4,198.75.

DEO has been the subject of a number of recent research reports. BNP Paribas downgraded Diageo to a “neutral” rating in a research note on Tuesday, September 6th. Berenberg Bank upped their price objective on Diageo from GBX 3,900 ($45.09) to GBX 4,160 ($48.10) in a research note on Tuesday, August 2nd. StockNews.com started coverage on Diageo in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Barclays boosted their price target on Diageo from GBX 5,040 ($58.27) to GBX 5,430 ($62.78) in a research report on Friday, July 29th. Finally, UBS Group boosted their price target on Diageo from GBX 4,300 ($49.72) to GBX 4,500 ($52.03) in a research report on Tuesday, August 2nd.

Diageo Price Performance

Shares of DEO opened at $170.46 on Friday. The stock has a fifty day moving average price of $170.60 and a 200 day moving average price of $179.42. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. Diageo has a 12 month low of $160.09 and a 12 month high of $223.14.

Institutional Trading of Diageo

Institutional investors have recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Diageo in the first quarter valued at $27,000. Wolff Wiese Magana LLC lifted its holdings in shares of Diageo by 135.5% in the second quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock valued at $25,000 after buying an additional 84 shares during the period. Lansing Street Advisors acquired a new stake in shares of Diageo in the first quarter valued at $32,000. Pinnacle Holdings LLC acquired a new stake in shares of Diageo in the first quarter valued at $33,000. Finally, Howe & Rusling Inc. lifted its holdings in shares of Diageo by 111.5% in the first quarter. Howe & Rusling Inc. now owns 165 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 9.00% of the company’s stock.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Analyst Recommendations for Diageo (NYSE:DEO)

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