Diageo plc (LON:DGE) Receives GBX 2,876.67 Consensus Price Target from Brokerages

Diageo plc (LON:DGE) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 2,876.67 ($35.67).

DGE has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.72) price target on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($31.00) price target on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group upgraded Diageo to a “buy” rating and upped their price objective for the company from GBX 2,300 ($28.52) to GBX 2,920 ($36.21) in a research note on Thursday, December 12th.

Diageo Stock Performance

LON DGE opened at GBX 2,419 ($29.99) on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The company has a market capitalization of £53.70 billion, a P/E ratio of 1,832.58, a P/E/G ratio of 1.75 and a beta of 0.36. The firm has a 50-day moving average price of GBX 2,455.43 and a two-hundred day moving average price of GBX 2,478.18. Diageo has a 12-month low of GBX 2,165.60 ($26.85) and a 12-month high of GBX 3,056 ($37.89).

Insider Activity

In related news, insider Javier Ferrán bought 339 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of GBX 2,446 ($30.33) per share, for a total transaction of £8,291.94 ($10,281.39). Insiders have acquired a total of 696 shares of company stock valued at $1,669,084 over the last quarter. Company insiders own 0.11% of the company’s stock.

About Diageo

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.