Diageo plc (LON:DGE) Stock Rated “Moderate Buy” by Wall Street Brokerages

Diageo plc (LON:DGE) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,959.50.

DGE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,734 price objective on shares of Diageo in a research note on Tuesday, October 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Monday, August 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,200 price objective on shares of Diageo in a research note on Wednesday, October 28th.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 400 shares of Diageo stock in a transaction dated Monday, October 12th. The stock was bought at an average cost of GBX 1,640 per share, for a total transaction of £6,560. Over the last quarter, insiders purchased 1,203 shares of company stock valued at $2,000,783. 0.16% of the stock is currently owned by company insiders.

Diageo Trading Up 2.6%

Shares of DGE opened at GBX 1,777.50 on Wednesday. Diageo has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 1,903.90. The company has a 50 day simple moving average of GBX 1,676.07 and a two-hundred day simple moving average of GBX 1,598.48. The firm has a market cap of £39.54 billion, a P/E ratio of 22.82, a price-to-earnings-growth 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 Company Profile

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.