Diageo plc (LON:DGE) Receives GBX 2,000 Consensus PT from Analysts

Diageo plc (LON:DGE) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,000.

DGE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,650 price objective on shares of Diageo in a report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,900 price objective on shares of Diageo in a report on Wednesday, May 6th. Finally, UBS Group reissued a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a report on Tuesday, May 5th.

Diageo Price Performance

DGE stock opened at GBX 1,544 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. Diageo has a twelve month low of GBX 1,350 and a twelve month high of GBX 2,215. The company’s 50 day moving average is GBX 1,470.93 and its two-hundred day moving average is GBX 1,629.39. The stock has a market cap of £34.33 billion, a P/E ratio of 14.27, a PEG ratio of 1.75 and a beta of 0.30.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni bought 446 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Also, insider Nik Jhangiani sold 27,786 shares of Diageo stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total transaction of £416,790. Insiders bought a total of 1,262 shares of company stock worth $1,999,723 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

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.