Diageo plc (LON:DGE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Diageo plc (LON:DGE) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 1,959.50.

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

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni bought 400 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were purchased at an average price of GBX 1,640 per share, with a total value of £6,560. Over the last 90 days, insiders have bought 1,203 shares of company stock worth $2,000,783. Insiders own 0.16% of the company’s stock.

Diageo Price Performance

DGE opened at GBX 1,762.50 on Wednesday. The company has a debt-to-equity ratio of 203.12, a quick ratio of 0.62 and a current ratio of 1.60. The stock has a market capitalization of £39.21 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The stock’s 50 day moving average price is GBX 1,676.65 and its 200-day moving average price is GBX 1,599.30. Diageo has a 52-week low of GBX 1,295.50 and a 52-week high of GBX 1,903.90.

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.