Diageo plc (LON:DGE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Diageo plc (LON:DGE) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,876.67 ($35.12).

DGE has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($30.53) target price on shares of Diageo in a report on Tuesday, January 7th. UBS Group raised Diageo to a “buy” rating and raised their target price for the company from GBX 2,300 ($28.08) to GBX 2,920 ($35.65) in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.19) price target on the stock in a report on Friday, December 6th.

Diageo Stock Down 3.1 %

Diageo stock opened at GBX 2,475.92 ($30.23) on Friday. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The stock has a market cap of £54.97 billion, a PE ratio of 1,875.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a fifty-two week low of GBX 2,165.60 ($26.44) and a fifty-two week high of GBX 3,056 ($37.31). The firm’s 50-day simple moving average is GBX 2,445.11 and its 200 day simple moving average is GBX 2,489.91.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 352 shares of Diageo stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of GBX 2,350 ($28.69) per share, for a total transaction of £8,272 ($10,100.12). Insiders own 0.11% of the company’s stock.

About Diageo

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.