Diageo plc (LON:DGE) Stock Has Consensus Target Price of GBX 2,033.86

Shares of Diageo plc (LON:DGE) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,033.86.

A number of research analysts have issued reports on DGE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Monday, August 24th. 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 research note on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating for the company in a research note on Wednesday, September 16th.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 436 shares of the business’s stock in a transaction on Friday, July 10th. The stock was bought at an average price of GBX 1,503 per share, with a total value of £6,553.08. Insiders have acquired a total of 1,240 shares of company stock valued at $2,000,426 over the last three months. 0.16% of the stock is currently owned by insiders.

Diageo Stock Down 0.2%

Shares of DGE opened at GBX 1,597.50 on Friday. The company has a market capitalization of £35.52 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. The stock’s 50-day moving average price is GBX 1,667.56 and its 200-day moving average price is GBX 1,559.33. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

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.