Diageo (LON:DGE) Receives Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Diageo (LON:DGE) in a research note published on Monday, Marketbeat Ratings reports. They currently have a GBX 2,000 price target on the stock.

A number of other equities research analysts have also issued reports on DGE. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Jefferies Financial Group decreased their target price on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a report on Thursday, January 15th. UBS Group reissued a “buy” rating and issued a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Citigroup reduced their price target on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a report on Friday, November 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

Diageo Stock Down 0.4%

Shares of DGE opened at GBX 1,669.50 on Monday. Diageo has a 52-week low of GBX 1,421.50 and a 52-week high of GBX 2,378.50. The company has a market capitalization of £37.12 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The stock has a fifty day simple moving average of GBX 1,656.41 and a two-hundred day simple moving average of GBX 1,800.16. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni acquired 410 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of GBX 1,600 per share, for a total transaction of £6,560. In the last quarter, insiders have purchased 1,188 shares of company stock valued at $2,011,478. Corporate insiders own 0.16% of the company’s stock.

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.