Diageo plc (LON:DGE) Receives GBX 2,111.25 Consensus PT from Analysts

Diageo plc (LON:DGE) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,111.25.

Several research firms recently commented on DGE. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. UBS Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Diageo in a research note on Friday, October 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Monday, February 2nd. Finally, Berenberg Bank cut their price objective on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a report on Thursday, November 6th.

Diageo Trading Up 3.9%

Shares of LON DGE opened at GBX 1,851 on Friday. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a one year low of GBX 1,421.50 and a one year high of GBX 2,226. The business has a 50-day moving average price of GBX 1,681.62 and a two-hundred day moving average price of GBX 1,787.53. The firm has a market capitalization of £41.16 billion, a PE ratio of 17.51, a PEG ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni purchased 365 shares of Diageo stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average cost of GBX 1,799 per share, for a total transaction of £6,566.35. Over the last three months, insiders bought 1,199 shares of company stock worth $2,012,531. 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. 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.