Analysts Set Diageo plc (LON:DGE) Price Target at GBX 2,000

Shares of Diageo plc (LON:DGE) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 2,000.

DGE has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,900 target price on shares of Diageo in a research note on Wednesday, May 6th. UBS Group restated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a research note on Tuesday, May 5th.

Diageo Stock Performance

Shares of DGE stock opened at GBX 1,488.50 on Friday. The firm has a market capitalization of £33.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The business has a fifty day moving average of GBX 1,486.48 and a 200 day moving average of GBX 1,593.57. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,142.

Insider Buying and Selling

In other news, insider John Rishton bought 3,274 shares of Diageo stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni bought 446 shares of Diageo stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of GBX 1,471 per share, with a total value of £6,560.66. Insiders bought 4,597 shares of company stock worth $6,998,475 in the last 90 days. Insiders own 0.16% 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.