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

Shares of Diageo plc (LON:DGE) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 2,198.75.

DGE has been the subject of a number of recent research reports. Citigroup decreased their price objective on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research report on Monday, October 20th. Berenberg Bank cut their price target on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. UBS Group reaffirmed a “buy” rating and set a GBX 2,250 price target on shares of Diageo in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,300 target price on shares of Diageo in a research note on Friday, November 7th.

Diageo Stock Performance

LON DGE opened at GBX 1,685.78 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. Diageo has a 52-week low of GBX 1,664 and a 52-week high of GBX 2,619.50. The business’s 50-day moving average price is GBX 1,773.49 and its 200 day moving average price is GBX 1,887.02. The firm has a market cap of £37.48 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni acquired 355 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of GBX 1,850 per share, with a total value of £6,567.50. Insiders have bought a total of 1,077 shares of company stock valued at $2,013,184 in the last three months. 0.16% of the stock is owned by company insiders.

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.