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

Shares of Diageo plc (LON:DGE) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 2,111.25.

A number of research firms have commented on DGE. Jefferies Financial Group dropped their price objective on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research report on Monday, February 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Berenberg Bank decreased their price objective on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a report on Friday, October 31st.

Diageo Stock Up 3.3%

DGE stock opened at GBX 1,840 on Friday. The company has a market cap of £40.91 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a fifty day moving average price of GBX 1,677.88 and a 200 day moving average price of GBX 1,789.37. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. Diageo has a 12 month low of GBX 1,421.50 and a 12 month high of GBX 2,226.

Insider Transactions at Diageo

In other news, insider John Alexander Manzoni acquired 410 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of GBX 1,600 per share, with a total value of £6,560. Over the last 90 days, insiders have acquired 1,199 shares of company stock valued at $2,012,531. Insiders own 0.16% of the company’s stock.

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.