Diageo plc (LON:DGE) Receives GBX 2,111.25 Consensus Price Target from Brokerages

Shares of Diageo plc (LON:DGE) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 2,111.25.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Jefferies Financial Group lowered their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Wednesday, March 4th.

Diageo Stock Up 0.2%

DGE stock opened at GBX 1,454.80 on Friday. Diageo has a fifty-two week low of GBX 1,350 and a fifty-two week high of GBX 2,215. The business’s 50-day moving average is GBX 1,568.50 and its two-hundred day moving average is GBX 1,662.51. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The company has a market cap of £32.35 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.75 and a beta of 0.30.

Insider Transactions at Diageo

In other news, insider John Alexander Manzoni bought 446 shares of the stock in a transaction on Friday, April 10th. The shares were bought at an average price of GBX 1,471 per share, with a total value of £6,560.66. Also, insider Nik Jhangiani sold 27,786 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £416,790. In the last three months, insiders acquired 1,262 shares of company stock worth $1,999,723. 0.16% of the stock is owned by corporate 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. 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.