Brokerages Set Diageo plc (NYSE:DEO) PT at $106.25

Diageo plc (NYSE:DEO) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $106.25.

Several research firms have recently commented on DEO. TD Cowen raised Diageo from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Loop Capital set a $99.00 price objective on Diageo in a research note on Thursday, June 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st.

Institutional Trading of Diageo

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 178 shares in the last quarter. Sound Income Strategies LLC increased its stake in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Diageo in the 4th quarter worth $30,000. Cassaday & Co Wealth Management LLC bought a new stake in Diageo during the first quarter valued at about $34,000. Finally, Q Fund Management Hong Kong Ltd bought a new stake in Diageo during the fourth quarter valued at about $43,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Up 1.0%

NYSE:DEO opened at $83.12 on Thursday. The stock has a 50-day simple moving average of $82.22 and a two-hundred day simple moving average of $83.88. Diageo has a 52-week low of $72.45 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.