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

Shares of Diageo plc (LON:DGE) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 2,198.75.

A number of research firms recently weighed in on DGE. Berenberg Bank cut their target price on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,300 price objective on shares of Diageo in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research report on Friday, November 28th. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a report on Friday, October 31st.

Diageo Price Performance

DGE stock opened at GBX 1,602.50 on Friday. The business’s fifty day moving average price is GBX 1,768.08 and its 200 day moving average price is GBX 1,879.21. Diageo has a 12-month low of GBX 1,602.50 and a 12-month high of GBX 2,619.50. The company has a market capitalization of £35.63 billion, a PE ratio of 15.16, a P/E/G 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.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni bought 358 shares of the stock in a transaction on Friday, October 10th. The shares were purchased at an average price of GBX 1,833 per share, for a total transaction of £6,562.14. Insiders acquired 729 shares of company stock worth $1,342,500 over the last ninety 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.