Diageo plc (LON:DGE) Receives GBX 3,008 Average Target Price from Analysts

Diageo plc (LON:DGE) has received an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,993.33 ($37.78).

DGE has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($40.39) price objective on shares of Diageo in a research note on Thursday, August 22nd. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.34) price objective for the company in a research note on Friday, December 6th. Finally, UBS Group upgraded shares of Diageo to a “buy” rating and raised their target price for the company from GBX 2,300 ($29.03) to GBX 2,920 ($36.85) in a research note on Thursday.

Diageo Stock Performance

Shares of LON:DGE opened at GBX 2,618.50 ($33.05) on Wednesday. The firm has a fifty day simple moving average of GBX 2,474.85 and a two-hundred day simple moving average of GBX 2,509.39. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. Diageo has a 52 week low of GBX 2,165.60 ($27.33) and a 52 week high of GBX 3,056 ($38.57). The stock has a market capitalization of £58.13 billion, a P/E ratio of 1,969.32, a PEG ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán purchased 324 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of GBX 2,531 ($31.94) per share, with a total value of £8,200.44 ($10,350.17). In the last three months, insiders have purchased 1,015 shares of company stock valued at $2,476,438. 0.11% of the stock is owned by corporate insiders.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.