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

Shares of Diageo plc (LON:DGE) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,000.

DGE has been the subject of several research reports. UBS Group restated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,900 price target on shares of Diageo in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 price target on shares of Diageo in a research report on Tuesday, May 5th.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 446 shares of the business’s stock in a transaction on Friday, April 10th. The shares were purchased at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Also, insider John Rishton acquired 3,274 shares of the business’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of GBX 1,527 per share, for a total transaction of £49,993.98. Insiders have bought 4,597 shares of company stock valued at $6,998,475 in the last three months. 0.16% of the stock is currently owned by insiders.

Diageo Stock Performance

Shares of DGE stock opened at GBX 1,535.50 on Friday. The company has a market cap of £34.14 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,142. 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 firm has a 50 day moving average of GBX 1,479.03 and a 200-day moving average of GBX 1,604.97.

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.