Diageo plc (LON:DGE) Receives GBX 3,008 Average PT from Brokerages

Diageo plc (LON:DGE) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 3,008 ($37.71).

Several research firms have commented on DGE. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,200 ($40.12) price objective on shares of Diageo in a research note on Thursday, August 22nd. Royal Bank of Canada raised shares of Diageo to a “sector perform” rating and lifted their price target for the stock from GBX 2,100 ($26.33) to GBX 2,400 ($30.09) in a research note on Monday, August 12th. Finally, Citigroup reissued a “buy” rating and issued a GBX 3,000 ($37.61) price objective on shares of Diageo in a research report on Monday, July 29th.

Diageo Price Performance

Shares of Diageo stock opened at GBX 2,398.50 ($30.07) on Friday. The stock has a market cap of £53.25 billion, a price-to-earnings ratio of 1,817.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The stock has a 50 day moving average price of GBX 2,502.19 and a 200-day moving average price of GBX 2,544.66. Diageo has a one year low of GBX 2,165.60 ($27.15) and a one year high of GBX 3,056 ($38.31).

Insider Buying and Selling

In other news, insider Javier Ferrán bought 352 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of GBX 2,350 ($29.46) per share, with a total value of £8,272 ($10,369.81). Insiders have purchased 1,015 shares of company stock valued at $2,475,760 in the last 90 days. Company insiders own 0.11% of the company’s stock.

About Diageo

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.