Brokerages Set Diageo plc (LON:DGE) PT at GBX 3,040

Shares of Diageo plc (LON:DGE) have earned an average rating of “Reduce” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 3,058 ($38.42).

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Monday, February 26th. Barclays increased their price objective on shares of Diageo from GBX 3,550 ($44.60) to GBX 3,640 ($45.73) and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,900 ($36.43) target price on shares of Diageo in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th.

Insider Activity at Diageo

In other news, insider Karen Blackett bought 702 shares of the business’s stock in a transaction on Monday, April 8th. The shares were bought at an average cost of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,922.76). In other Diageo news, insider Karen Blackett purchased 702 shares of the stock in a transaction on Monday, April 8th. The stock was bought at an average cost of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,922.76). Also, insider Javier Ferrán acquired 290 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,394.10). Over the last 90 days, insiders bought 1,002 shares of company stock worth $2,839,892. 0.13% of the stock is currently owned by company insiders.

Diageo Stock Performance

LON:DGE opened at GBX 2,770.50 ($34.81) on Tuesday. The stock has a market capitalization of £61.51 billion, a P/E ratio of 1,831.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.32. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. Diageo has a 1 year low of GBX 2,676 ($33.62) and a 1 year high of GBX 3,663.77 ($46.03). The firm has a 50 day moving average of GBX 2,858.87 and a 200-day moving average of GBX 2,877.29.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.