Diageo plc (LON:DGE) Receives Consensus Rating of “Hold” from Analysts

Shares of Diageo plc (LON:DGE) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,876.67 ($35.40).

A number of equities research analysts recently issued reports on the company. UBS Group raised Diageo to a “buy” rating and raised their price target for the stock from GBX 2,300 ($28.30) to GBX 2,920 ($35.93) in a research note on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,500 ($30.76) target price on shares of Diageo in a research note on Tuesday. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.45) price target on the stock in a research note on Friday, December 6th.

Insider Activity

In other Diageo news, insider Javier Ferrán acquired 352 shares of Diageo stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of GBX 2,350 ($28.92) per share, with a total value of £8,272 ($10,178.42). Insiders own 0.11% of the company’s stock.

Diageo Stock Up 1.1 %

Shares of LON:DGE opened at GBX 2,555 ($31.44) on Friday. The firm has a market capitalization of £56.72 billion, a PE ratio of 1,935.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The business has a 50 day simple moving average of GBX 2,446.90 and a two-hundred day simple moving average of GBX 2,490.62. Diageo has a 1 year low of GBX 2,165.60 ($26.65) and a 1 year high of GBX 3,056 ($37.60). The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62.

Diageo Company Profile

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