Diageo plc (LON:DGE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Diageo plc (LON:DGE) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,111.25.

A number of research firms have weighed in on DGE. Jefferies Financial Group cut their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered their price target on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th.

Diageo Trading Up 0.0%

Shares of LON:DGE opened at GBX 1,450.50 on Tuesday. The company has a 50 day moving average of GBX 1,667.51 and a 200-day moving average of GBX 1,732.91. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The firm has a market cap of £32.25 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.75 and a beta of 0.17. Diageo has a twelve month low of GBX 1,420.50 and a twelve month high of GBX 2,215.

Insider Transactions at Diageo

In other news, insider Nik Jhangiani sold 19,871 shares of Diageo stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £298,065. Also, insider John Alexander Manzoni bought 432 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of GBX 1,518 per share, for a total transaction of £6,557.76. Insiders acquired a total of 1,222 shares of company stock valued at $2,013,061 over the last three months. 0.16% of the stock is owned by corporate 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.