Diageo (LON:DGE) Hits New 1-Year High – What’s Next?

Diageo plc (LON:DGE)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 1,908 and last traded at GBX 1,871.50, with a volume of 135,508,188 shares trading hands. The stock had previously closed at GBX 1,814.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DGE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research report on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,200 price target on shares of Diageo in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,734 target price on shares of Diageo in a research note on Tuesday, October 27th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,959.50.

Diageo Stock Up 2.6%

The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a fifty day moving average price of GBX 1,678.12 and a two-hundred day moving average price of GBX 1,599.95. The company has a market cap of £41.41 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31.

Insider Buying and Selling at Diageo

In other Diageo news, insider John Alexander Manzoni purchased 414 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of GBX 1,585 per share, with a total value of £6,561.90. In the last quarter, insiders purchased 1,203 shares of company stock valued at $2,000,783. 0.16% of the stock is 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.