Brokerages Set Diageo plc (LON:DGE) Target Price at GBX 2,111.25

Shares of Diageo plc (LON:DGE) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 2,111.25.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research note on Friday, November 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Wednesday, March 4th. Finally, Jefferies Financial Group lowered their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research note on Thursday, January 15th.

Insider Transactions at Diageo

In other news, insider Nik Jhangiani sold 27,786 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £416,790. Also, insider John Alexander Manzoni bought 432 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of GBX 1,518 per share, for a total transaction of £6,557.76. Over the last three months, insiders have bought 1,222 shares of company stock valued at $2,013,061. Corporate insiders own 0.16% of the company’s stock.

Diageo Price Performance

Shares of DGE opened at GBX 1,409 on Tuesday. The company has a market cap of £31.33 billion, a P/E ratio of 13.02, a PEG ratio of 1.75 and a beta of 0.17. Diageo has a fifty-two week low of GBX 1,393.50 and a fifty-two week high of GBX 2,215. 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 firm’s 50 day moving average price is GBX 1,656.72 and its 200 day moving average price is GBX 1,724.27.

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.