Diageo’s (DGE) Outperform Rating Reaffirmed at Royal Bank Of Canada

Diageo (LON:DGE)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 2,000 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 28.70% from the stock’s current price.

Several other equities analysts also recently commented on DGE. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Berenberg Bank decreased their price target on 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. Deutsche Bank Aktiengesellschaft cut their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research note on Friday, November 28th. Finally, Jefferies Financial Group decreased their target price 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,111.25.

Diageo Stock Down 0.7%

LON DGE traded down GBX 11 during trading on Wednesday, reaching GBX 1,554. The company’s stock had a trading volume of 92,388,141 shares, compared to its average volume of 45,533,855. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The stock has a market capitalization of £34.55 billion, a PE ratio of 14.70, a PEG ratio of 1.75 and a beta of 0.18. Diageo has a 1-year low of GBX 1,544.50 and a 1-year high of GBX 2,226. The business has a 50-day moving average price of GBX 1,685.92 and a 200-day moving average price of GBX 1,770.20.

Insider Buying and Selling

In other news, insider John Alexander Manzoni acquired 410 shares of Diageo stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of GBX 1,600 per share, for a total transaction of £6,560. Over the last ninety days, insiders purchased 1,199 shares of company stock valued at $2,012,531. Corporate 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.