Diageo plc (DGE) Receives GBX 2,882.67 Average Price Target from Analysts

Shares of Diageo plc (LON:DGE) have received a consensus rating of “Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 2,872.67 ($37.54).

Several research firms recently commented on DGE. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 2,900 ($37.89) price objective on shares of Diageo in a research report on Tuesday, November 13th. UBS Group reaffirmed a “buy” rating on shares of Diageo in a research report on Friday, September 14th. Credit Suisse Group set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the company a “buy” rating in a research report on Monday, October 8th. Citigroup reaffirmed a “buy” rating and issued a GBX 3,200 ($41.81) price objective on shares of Diageo in a research report on Tuesday, October 30th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 2,100 ($27.44) price objective on shares of Diageo in a research report on Wednesday, July 25th.

In related news, insider Javier Ferrán purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The shares were acquired at an average price of GBX 2,525 ($32.99) per share, for a total transaction of £757,500 ($989,807.92). Also, insider Kathryn Mikells sold 20,670 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of GBX 2,735 ($35.74), for a total transaction of £565,324.50 ($738,696.59). In the last quarter, insiders purchased 30,017 shares of company stock worth $75,795,655.

DGE traded up GBX 75 ($0.98) during trading on Friday, hitting GBX 2,802.50 ($36.62). The company had a trading volume of 4,391,081 shares, compared to its average volume of 4,520,000. Diageo has a one year low of GBX 2,186.50 ($28.57) and a one year high of GBX 2,735.50 ($35.74).

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, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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