Analysts Set Diageo plc (LON:DGE) Price Target at GBX 2,378.86

Diageo plc (LON:DGE) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,378.86.

A number of analysts have commented on the stock. The Goldman Sachs Group raised shares of Diageo to a “neutral” rating and set a GBX 2,000 price objective for the company in a research note on Thursday, August 7th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,400 price target on shares of Diageo in a report on Wednesday, July 16th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price objective on shares of Diageo from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research report on Monday, September 8th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 2,372 target price on shares of Diageo in a research note on Tuesday, August 5th.

Diageo Trading Down 1.3%

Shares of LON DGE opened at GBX 1,745 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. Diageo has a 12 month low of GBX 1,737 and a 12 month high of GBX 2,677. The company has a market cap of £38.83 billion, a price-to-earnings ratio of 1,650.90, a P/E/G ratio of 1.75 and a beta of 0.36. The business has a fifty day simple moving average of GBX 1,953.24 and a 200-day simple moving average of GBX 1,991.95.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 340 shares of Diageo stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of GBX 1,927 per share, with a total value of £6,551.80. Over the last three months, insiders bought 1,019 shares of company stock valued at $2,012,305. 0.16% of the stock is currently owned by corporate insiders.

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.