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

Diageo plc (LON:DGE) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 2,111.25.

Several equities research analysts have recently weighed in on DGE shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Monday, February 2nd. Berenberg Bank reduced their price objective on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research report on Thursday, November 6th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a research report on Friday, October 31st. Finally, Jefferies Financial Group reduced their price target on shares of 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.

Diageo Stock Up 3.3%

Diageo stock opened at GBX 1,840 on Friday. The stock has a market cap of £40.91 billion, a PE ratio of 17.41, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The stock’s fifty day moving average is GBX 1,677.88 and its two-hundred day moving average is GBX 1,789.37. Diageo has a 1-year low of GBX 1,421.50 and a 1-year high of GBX 2,226.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni bought 365 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of GBX 1,799 per share, with a total value of £6,566.35. Over the last ninety days, insiders bought 1,199 shares of company stock valued at $2,012,531. 0.16% of the stock is currently owned by insiders.

Diageo Company Profile

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.