Diageo plc (LON:DGE) Receives GBX 2,029 Average PT from Brokerages

Diageo plc (LON:DGE) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,029.

DGE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,700 price objective on shares of Diageo in a research report on Friday, August 7th. Berenberg Bank reissued a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Jefferies Financial Group increased their target price on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Monday, August 24th.

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,603 on Tuesday. The stock has a market cap of £35.64 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,905.25. The stock’s 50 day moving average price is GBX 1,643.42 and its 200 day moving average price is GBX 1,553.96.

Insider Activity

In related news, insider John Alexander Manzoni bought 414 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average cost of GBX 1,585 per share, with a total value of £6,561.90. Insiders acquired 1,240 shares of company stock worth $2,000,426 over the last quarter. 0.16% of the stock is owned by 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. 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.