Analysts Set Diageo plc (LON:DGE) PT at GBX 2,198.75

Diageo plc (LON:DGE) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,198.75.

Several brokerages have issued reports on DGE. JPMorgan Chase & Co. decreased their price objective on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. UBS Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Diageo in a report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,300 price target on shares of Diageo in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. Finally, Berenberg Bank reduced their target price on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research note on Thursday, November 6th.

Insider Buying and Selling

In related news, insider John Alexander Manzoni purchased 410 shares of Diageo stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of GBX 1,600 per share, with a total value of £6,560. Over the last quarter, insiders have bought 1,148 shares of company stock valued at $2,012,936. Company insiders own 0.16% of the company’s stock.

Diageo Price Performance

Diageo stock opened at GBX 1,626.91 on Thursday. The firm has a 50-day moving average price of GBX 1,701.94 and a 200-day moving average price of GBX 1,833.01. The firm has a market capitalization of £36.17 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a 12-month low of GBX 1,579 and a 12-month high of GBX 2,567.50.

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.