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

Shares of Diageo plc (LON:DGE) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 4,554.88.

Several equities research analysts recently issued reports on DGE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and issued a £222.30 price objective on shares of Diageo in a research report on Friday, June 26th. UBS Group restated a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,759 price target on shares of Diageo in a research note on Wednesday, June 24th.

Diageo Trading Down 1.4%

LON DGE opened at GBX 1,551.50 on Monday. The stock has a market cap of £34.50 billion, a P/E ratio of 14.34, a PEG ratio of 1.75 and a beta of 0.31. The company’s fifty day simple moving average is GBX 1,531.26 and its 200-day simple moving average is GBX 1,559.84. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 2,142.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni bought 436 shares of the business’s stock in a transaction on Friday, July 10th. The shares were bought at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Also, insider John Rishton bought 3,274 shares of Diageo stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of GBX 1,527 per share, with a total value of £49,993.98. Insiders have acquired a total of 4,606 shares of company stock worth $7,012,849 over the last 90 days. 0.16% of the stock is owned by company insiders.

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.