Diageo plc (LON:DGE) Given Average Rating of “Reduce” by Brokerages

Shares of Diageo plc (LON:DGE) have received a consensus rating of “Reduce” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 3,040 ($38.19).

A number of research analysts have recently commented on the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,900 ($36.43) price target on shares of Diageo in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Diageo in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Monday, February 26th. Finally, Barclays dropped their price target on shares of Diageo from GBX 3,730 ($46.85) to GBX 3,550 ($44.59) and set an “overweight” rating on the stock in a research report on Wednesday, January 31st.

Insider Transactions at Diageo

In related news, insider Karen Blackett purchased 702 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average price of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). In other news, insider Karen Blackett purchased 702 shares of Diageo stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average price of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,919.63). Also, insider Javier Ferrán acquired 290 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). Insiders purchased a total of 1,002 shares of company stock valued at $2,839,892 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Diageo Stock Performance

Shares of LON:DGE traded up GBX 6 ($0.08) during trading on Tuesday, hitting GBX 2,775.50 ($34.86). 3,385,694 shares of the company traded hands, compared to its average volume of 3,556,633. The company has a quick ratio of 0.62, a current ratio of 1.58 and a debt-to-equity ratio of 190.59. The business’s fifty day moving average is GBX 2,883.16 and its 200-day moving average is GBX 2,889.60. The stock has a market capitalization of £61.89 billion, a price-to-earnings ratio of 1,862.75, a PEG ratio of 1.64 and a beta of 0.32. Diageo has a one year low of GBX 2,676 ($33.61) and a one year high of GBX 3,694.50 ($46.41).

Diageo Company Profile

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.