Royal Bank Of Canada Reiterates Outperform Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Monday,London Stock Exchange reports. They currently have a GBX 2,000 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 14.51% from the stock’s previous close.

Several other research firms have also weighed in on DGE. Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,700 target price on shares of Diageo in a research report on Friday, August 7th. Jefferies Financial Group lifted their target price on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,029.

Diageo Price Performance

DGE stock opened at GBX 1,746.50 on Monday. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 204.18. The firm has a market cap of £38.83 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.75 and a beta of 0.31. The company’s fifty day simple moving average is GBX 1,601.08 and its 200 day simple moving average is GBX 1,564.39. Diageo has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 2,116.

Insiders Place Their Bets

In related news, insider John Alexander Manzoni acquired 362 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of GBX 1,809 per share, for a total transaction of £6,548.58. Insiders have acquired 1,267 shares of company stock valued at $1,999,464 over the last ninety days. Insiders own 0.17% of the company’s stock.

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.