Diageo plc (LON:DGE) Receives GBX 2,500.33 Average PT from Brokerages

Shares of Diageo plc (LON:DGE) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 2,458.67.

A number of analysts recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,400 ($32.06) price target on shares of Diageo in a research note on Wednesday, July 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,500 ($33.40) price target on shares of Diageo in a research note on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Diageo in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on Diageo from GBX 2,010 ($26.85) to GBX 2,060 ($27.52) and gave the stock a “hold” rating in a research report on Tuesday. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 2,372 ($31.69) price target on shares of Diageo in a report on Tuesday.

Diageo Price Performance

Shares of LON DGE opened at GBX 1,983.50 ($26.50) on Monday. The firm has a market capitalization of £44.03 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a fifty-two week low of GBX 1,797 ($24.00) and a fifty-two week high of GBX 2,677 ($35.76). The stock’s 50-day simple moving average is GBX 1,919.40 and its 200-day simple moving average is GBX 2,068.40. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Insider Activity

In other news, insider John Alexander Manzoni purchased 335 shares of the stock in a transaction dated Wednesday, July 9th. The shares were bought at an average cost of GBX 1,955 ($26.12) per share, for a total transaction of £6,549.25 ($8,748.66). In the last 90 days, insiders acquired 981 shares of company stock worth $1,999,510. 0.11% of the stock is currently owned by company 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.