Diageo plc (LON:DGE) Given Average Recommendation of “Moderate Buy” by Analysts

Diageo plc (LON:DGE) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,026.13.

A number of equities analysts have issued reports on DGE shares. UBS Group reissued a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,759 price target on shares of Diageo in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Monday, June 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Wednesday, May 27th.

Diageo Stock Performance

DGE opened at GBX 1,565.95 on Thursday. Diageo has a 12-month low of GBX 1,350 and a 12-month high of GBX 2,142. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The firm has a market capitalization of £34.82 billion, a PE ratio of 14.47, a P/E/G ratio of 1.75 and a beta of 0.30. The firm has a 50 day moving average of GBX 1,517.14 and a two-hundred day moving average of GBX 1,571.80.

Insider Activity at Diageo

In other news, insider John Rishton bought 3,274 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni bought 446 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Over the last ninety days, insiders have bought 4,606 shares of company stock valued at $6,998,557. Insiders own 0.16% of the company’s stock.

Diageo Company Profile

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.