Diageo plc (LON:DGE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Diageo plc (LON:DGE) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 2,111.25.

Several equities research analysts recently commented on DGE shares. UBS Group reiterated a “buy” rating and set a GBX 2,250 target price on shares of Diageo in a research report on Friday, October 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Citigroup reduced their price objective on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research report on Friday, November 28th. Finally, Berenberg Bank reduced their price target on 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.

Diageo Stock Performance

LON:DGE opened at GBX 1,675.50 on Monday. The stock has a market cap of £37.25 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The stock’s 50-day moving average is GBX 1,657.65 and its 200-day moving average is GBX 1,803.12. Diageo has a 1-year low of GBX 1,421.50 and a 1-year high of GBX 2,450.

Insider Buying and Selling

In other news, insider John Alexander Manzoni purchased 397 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average price of GBX 1,649 per share, for a total transaction of £6,546.53. Insiders purchased 1,188 shares of company stock valued at $2,011,478 in the last quarter. Corporate insiders own 0.16% of the company’s stock.

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.