Diageo plc (DGE) Receives Average Rating of “Buy” from Brokerages

Shares of Diageo plc (LON:DGE) have been assigned an average recommendation of “Buy” from the twenty-three analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,684 ($35.73).

Several analysts have commented on the stock. Credit Suisse Group set a GBX 2,950 ($39.28) price target on shares of Diageo and gave the stock a “buy” rating in a research note on Tuesday, May 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo in a research note on Monday. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($39.94) price target on shares of Diageo in a research note on Friday, May 25th. Societe Generale reiterated a “buy” rating on shares of Diageo in a research note on Thursday, June 7th. Finally, Liberum Capital reiterated a “sell” rating on shares of Diageo in a research note on Thursday, May 24th.

DGE stock traded down GBX 2 ($0.03) during mid-day trading on Thursday, hitting GBX 2,773.50 ($36.93). The company had a trading volume of 3,936,343 shares, compared to its average volume of 4,520,000. Diageo has a 12-month low of GBX 2,186.50 ($29.11) and a 12-month high of GBX 2,735.50 ($36.42).

In other news, insider Javier Ferrán purchased 328 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were bought at an average cost of GBX 2,526 ($33.63) per share, for a total transaction of £8,285.28 ($11,030.86). Insiders have purchased a total of 645 shares of company stock worth $1,677,625 over the last quarter.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

Analyst Recommendations for Diageo (LON:DGE)

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