Royal Bank Of Canada Reiterates “Outperform” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Monday, Marketbeat reports. They currently have a GBX 2,000 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 18.72% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. UBS Group restated a “buy” rating and set a GBX 2,250 price target on shares of Diageo in a report on Friday, October 31st. Berenberg Bank dropped their price target on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research report on Friday, November 28th. Finally, Citigroup dropped their target price on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

Diageo Stock Up 0.9%

Shares of LON:DGE opened at GBX 1,684.69 on Monday. The firm has a market cap of £37.46 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 12-month low of GBX 1,421.50 and a 12-month high of GBX 2,373. The business has a fifty day simple moving average of GBX 1,654.46 and a 200 day simple moving average of GBX 1,798.44. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Insider Buying and Selling

In related news, insider John Alexander Manzoni purchased 397 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was purchased at an average cost of GBX 1,649 per share, with a total value of £6,546.53. Insiders have acquired 1,188 shares of company stock valued at $2,011,478 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.