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

Diageo (LON:DGE)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 2,000 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.53% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group dropped their target price on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Finally, Berenberg Bank lowered their price objective on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,111.25.

Diageo Trading Up 1.6%

LON:DGE opened at GBX 1,544 on Wednesday. The firm has a market capitalization of £34.33 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.75 and a beta of 0.17. Diageo has a 52 week low of GBX 1,509 and a 52 week high of GBX 2,222.50. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The company has a fifty day moving average of GBX 1,684.24 and a 200 day moving average of GBX 1,767.17.

Insider Buying and Selling

In related news, insider John Alexander Manzoni acquired 410 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of GBX 1,600 per share, for a total transaction of £6,560. Over the last quarter, insiders have bought 1,199 shares of company stock worth $2,012,531. Company insiders own 0.16% of the company’s stock.

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.