Diageo plc (LON:DGE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Diageo plc (LON:DGE) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,026.13.

A number of research firms recently commented on DGE. UBS Group reissued a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,759 target price on shares of Diageo in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Monday, June 8th.

Insider Buying and Selling

In related news, insider John Alexander Manzoni bought 441 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. Also, insider John Rishton bought 3,274 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, with a total value of £49,993.98. Insiders purchased a total of 4,606 shares of company stock valued at $6,998,557 over the last quarter. 0.16% of the stock is owned by company insiders.

Diageo Trading Down 0.9%

LON:DGE opened at GBX 1,565.95 on Thursday. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,142. The firm has a 50 day moving average of GBX 1,517.14 and a 200 day moving average of GBX 1,571.80. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The stock has a market capitalization of £34.82 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.75 and a beta of 0.30.

About Diageo

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.