Royal Bank Of Canada Reaffirms “Outperform” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 2,000 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.27% from the company’s current price.

Several other equities analysts also recently weighed in on DGE. UBS Group restated a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,900 price target on shares of Diageo in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,650 price objective on shares of Diageo in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,000.

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,596.50 on Wednesday. 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. The business has a fifty day moving average price of GBX 1,470.82 and a 200-day moving average price of GBX 1,606.91. The company has a market capitalization of £35.50 billion, a PE ratio of 14.76, a PEG ratio of 1.75 and a beta of 0.30.

Insider Buying and Selling

In other Diageo news, insider John Rishton acquired 3,274 shares of Diageo stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider Nik Jhangiani sold 19,871 shares of Diageo stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total value of £298,065. In the last ninety days, insiders acquired 4,597 shares of company stock worth $6,998,475. 0.16% of the stock is owned by corporate 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.