Diageo plc (LON:DGE) Receives Consensus Rating of “Buy” from Analysts
Diageo plc (LON:DGE) has been assigned a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,436.27 ($31.74).
Several brokerages have weighed in on DGE. UBS AG set a GBX 2,450 ($31.92) price objective on Diageo plc and gave the company a “buy” rating in a research note on Wednesday, April 19th. BNP Paribas restated an “outperform” rating and set a GBX 2,435 ($31.72) price objective on shares of Diageo plc in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and set a GBX 2,500 ($32.57) price objective on shares of Diageo plc in a research note on Tuesday, July 18th. Deutsche Bank AG set a GBX 2,175 ($28.34) target price on Diageo plc and gave the stock a “neutral” rating in a research note on Monday, July 17th. Finally, Sanford C. Bernstein set a GBX 2,720 ($35.44) target price on Diageo plc and gave the stock a “neutral” rating in a research note on Wednesday, July 19th.
In other Diageo plc news, insider Philip G. Scott sold 8,000 shares of Diageo plc stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of GBX 2,283 ($29.74), for a total transaction of £182,640 ($237,936.43). Also, insider Kathryn Mikells sold 20,664 shares of Diageo plc stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.85), for a total value of £473,412.24 ($616,743.41). Insiders have acquired a total of 24 shares of company stock valued at $54,967 in the last ninety days.
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Shares of Diageo plc (LON:DGE) traded down 1.66% during trading on Monday, reaching GBX 2247.50. 5,498,663 shares of the company were exchanged. Diageo plc has a one year low of GBX 1,946.00 and a one year high of GBX 2,413.50. The company’s market capitalization is GBX 56.43 billion. The firm’s 50 day moving average price is GBX 2,310.73 and its 200 day moving average price is GBX 2,269.25.
Diageo plc Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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