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

Shares of Diageo plc (LON:DGE) have been given a consensus rating of “Reduce” by the six research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 3,058 ($38.42).

A number of research firms have commented on DGE. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a report on Monday, February 26th. Jefferies Financial Group restated 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. Barclays increased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th.

Insider Buying and Selling

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

Diageo Price Performance

Diageo stock opened at GBX 2,770.50 ($34.81) on Tuesday. The stock’s 50 day moving average price is GBX 2,858.87 and its two-hundred day moving average price is GBX 2,877.29. The stock has a market capitalization of £61.51 billion, a price-to-earnings ratio of 1,831.54, a PEG ratio of 1.61 and a beta of 0.32. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. Diageo has a 52-week low of GBX 2,676 ($33.62) and a 52-week high of GBX 3,663.77 ($46.03).

About Diageo

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.