Analysts Set Diageo plc (LON:DGE) Target Price at GBX 4,554.88

Diageo plc (LON:DGE) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 4,554.88.

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,759 price objective on shares of Diageo in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and set a £222.30 target price on shares of Diageo in a research report on Friday, June 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th.

Insider Buying and Selling at Diageo

In related news, insider John Rishton acquired 3,274 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 441 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of GBX 1,488 per share, with a total value of £6,562.08. Insiders bought a total of 4,606 shares of company stock worth $7,012,849 over the last 90 days. 0.16% of the stock is owned by corporate insiders.

Diageo Trading Up 1.6%

DGE stock opened at GBX 1,592.96 on Monday. The company has a market cap of £35.42 billion, a P/E ratio of 14.72, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a twelve month low of GBX 1,295.50 and a twelve month high of GBX 2,142. 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 business has a fifty day moving average of GBX 1,536.26 and a 200-day moving average of GBX 1,559.36.

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.