Diageo plc (NYSE:DEO) Given Average Rating of “Hold” by Brokerages

Diageo plc (NYSE:DEO) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $106.25.

Several research analysts have commented on DEO shares. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Loop Capital set a $99.00 price target on shares of Diageo in a report on Thursday, June 18th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Finally, BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th.

Diageo Price Performance

Shares of NYSE DEO opened at $84.42 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. Diageo has a fifty-two week low of $72.45 and a fifty-two week high of $116.41. The stock has a fifty day moving average of $82.16 and a 200-day moving average of $83.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Diageo in the second quarter worth $245,000. Sapient Capital LLC purchased a new stake in shares of Diageo in the second quarter worth $212,000. Valeo Financial Advisors LLC boosted its stake in Diageo by 47.4% during the second quarter. Valeo Financial Advisors LLC now owns 5,979 shares of the company’s stock valued at $481,000 after buying an additional 1,924 shares during the period. Trust Point Inc. boosted its stake in Diageo by 11.4% during the second quarter. Trust Point Inc. now owns 3,214 shares of the company’s stock valued at $258,000 after buying an additional 328 shares during the period. Finally, Wynn Capital LLC grew its position in Diageo by 4.8% during the second quarter. Wynn Capital LLC now owns 6,216 shares of the company’s stock worth $500,000 after buying an additional 286 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.