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

Shares of Diageo plc (LON:DGE) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 3,008 ($37.91).

DGE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,200 ($40.33) price target on shares of Diageo in a report on Thursday, August 22nd. Royal Bank of Canada raised Diageo to a “sector perform” rating and upped their price target for the company from GBX 2,100 ($26.47) to GBX 2,400 ($30.25) in a research report on Monday, August 12th. Finally, Citigroup reissued a “buy” rating and set a GBX 3,000 ($37.81) target price on shares of Diageo in a research note on Monday, July 29th.

Insiders Place Their Bets

In related news, insider Javier Ferrán purchased 324 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of GBX 2,531 ($31.90) per share, for a total transaction of £8,200.44 ($10,334.52). Over the last 90 days, insiders bought 1,015 shares of company stock worth $2,475,760. 0.11% of the stock is owned by corporate insiders.

Diageo Stock Down 0.9 %

Shares of LON DGE opened at GBX 2,344.50 ($29.55) on Friday. The stock has a market capitalization of £52.05 billion, a P/E ratio of 1,776.14, a PEG ratio of 1.75 and a beta of 0.36. The firm’s 50 day simple moving average is GBX 2,508.22 and its two-hundred day simple moving average is GBX 2,559.33. Diageo has a one year low of GBX 2,165.60 ($27.29) and a one year high of GBX 3,056 ($38.51). 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.