Diageo plc (NYSE:DEO) Receives $129.00 Consensus PT from Brokerages

Diageo plc (NYSE:DEO) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $129.00.

A number of equities research analysts recently commented on DEO shares. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th.

Diageo Stock Up 0.9 %

Shares of DEO opened at $119.80 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The firm has a 50 day moving average price of $122.54 and a 200-day moving average price of $127.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DEO. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter valued at $25,000. Eastern Bank increased its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC purchased a new position in Diageo during the 4th quarter valued at $35,000. Concord Wealth Partners purchased a new position in Diageo during the 3rd quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC increased its position in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Company Profile

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