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

Diageo (LON:DGE)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 2,000 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 25.27% from the stock’s current price.

Other equities analysts have also issued research reports about the company. UBS Group reissued a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,650 price objective on shares of Diageo in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,900 price objective on shares of Diageo in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,000.

Diageo Stock Performance

Shares of DGE stock opened at GBX 1,596.50 on Wednesday. The stock has a fifty day moving average of GBX 1,470.82 and a 200 day moving average of GBX 1,606.91. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,142. The firm has a market capitalization of £35.50 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.75 and a beta of 0.30. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni purchased 446 shares of Diageo stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider John Rishton purchased 3,274 shares of Diageo stock in a transaction dated Monday, May 18th. The shares were bought at an average price of GBX 1,527 per share, with a total value of £49,993.98. Over the last 90 days, insiders bought 4,597 shares of company stock valued at $6,998,475. 0.16% of the stock is currently owned by company insiders.

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.