Analysts Set Diageo plc (NYSE:DEO) Target Price at $119.00

Shares of Diageo plc (NYSE:DEO) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $119.00.

DEO has been the topic of several analyst reports. Bank of America decreased their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Barclays reissued an “overweight” rating on shares of Diageo in a report on Thursday. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Diageo in a research note on Friday, November 28th.

Hedge Funds Weigh In On Diageo

A number of hedge funds and other institutional investors have recently made changes to their positions in DEO. SageView Advisory Group LLC boosted its holdings in Diageo by 1.7% in the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after acquiring an additional 89 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Diageo by 3.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after purchasing an additional 96 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of Diageo by 2.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after purchasing an additional 101 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of Diageo by 3.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after purchasing an additional 104 shares in the last quarter. Finally, Pavion Blue Capital LLC increased its position in shares of Diageo by 0.4% during the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock valued at $2,659,000 after buying an additional 112 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.5%

Shares of Diageo stock opened at $89.14 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo has a one year low of $85.13 and a one year high of $132.34. The business’s 50 day simple moving average is $92.95 and its two-hundred day simple moving average is $100.62.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.