Diageo plc (LON:DGE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Diageo plc (LON:DGE) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 2,029.

A number of analysts recently commented on DGE shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a research note on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. UBS Group restated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday, May 5th. Jefferies Financial Group raised their price target on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a report on Friday, August 7th.

Diageo Stock Performance

LON DGE opened at GBX 1,754.50 on Friday. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 2,142. The stock has a market cap of £39.01 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The business has a fifty day moving average of GBX 1,576.06 and a 200-day moving average of GBX 1,561.92. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 197.88.

Insider Buying and Selling

In other news, insider John Alexander Manzoni bought 362 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of GBX 1,809 per share, for a total transaction of £6,548.58. Also, insider John Rishton bought 3,274 shares of the stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of GBX 1,527 per share, with a total value of £49,993.98. In the last 90 days, insiders have purchased 4,541 shares of company stock worth $6,998,862. 0.17% of the stock is owned by company 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.