Diageo’s (DGE) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Diageo (LON:DGE) in a report released on Monday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 2,000 price target on the stock.

A number of other equities research analysts also recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,700 price objective on shares of Diageo in a research note on Friday, August 7th. Jefferies Financial Group raised their price objective on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,029.

Diageo Stock Performance

Shares of LON DGE opened at GBX 1,736.50 on Monday. The business has a fifty day simple moving average of GBX 1,615.33 and a 200 day simple moving average of GBX 1,565.05. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The firm has a market capitalization of £38.61 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a one year low of GBX 1,295.50 and a one year high of GBX 2,109.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni bought 441 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of GBX 1,488 per share, for a total transaction of £6,562.08. In the last ninety days, insiders purchased 1,267 shares of company stock worth $1,999,464. 0.17% of the stock is owned by company insiders.

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.