Diageo (LON:DGE) Receives “Outperform” Rating from Royal Bank Of Canada

Diageo (LON:DGE)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 2,000 price target on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 28.70% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Berenberg Bank cut their target price on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group cut their price objective on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research note on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Diageo Price Performance

Shares of Diageo stock traded down GBX 11 during mid-day trading on Wednesday, reaching GBX 1,554. 92,388,141 shares of the stock were exchanged, compared to its average volume of 45,533,855. Diageo has a fifty-two week low of GBX 1,544.50 and a fifty-two week high of GBX 2,226. The company has a market cap of £34.55 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.18. The firm has a 50-day simple moving average of GBX 1,685.92 and a 200 day simple moving average of GBX 1,770.20. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni bought 365 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of GBX 1,799 per share, for a total transaction of £6,566.35. Over the last three months, insiders have acquired 1,199 shares of company stock worth $2,012,531. 0.16% of the stock is currently owned by insiders.

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.