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

Shares of Diageo plc (LON:DGE) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 4,554.88.

A number of research firms have recently weighed in on DGE. Jefferies Financial Group reissued a “buy” rating and set a £222.30 target price on shares of Diageo in a report on Friday, June 26th. UBS Group restated a “neutral” rating and issued a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,759 price target on shares of Diageo in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, May 27th.

Diageo Stock Performance

DGE opened at GBX 1,509.80 on Thursday. The business has a fifty day simple moving average of GBX 1,523.04 and a 200 day simple moving average of GBX 1,568.77. The company has a market capitalization of £33.57 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,142. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62.

Insiders Place Their Bets

In related news, insider John Alexander Manzoni bought 446 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider John Rishton purchased 3,274 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. In the last 90 days, insiders have acquired 4,606 shares of company stock worth $6,998,557. 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.