Diageo plc (LON:DGE) Receives Consensus Rating of “Hold” from Analysts

Shares of Diageo plc (LON:DGE) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,876.67 ($36.40).

Several equities analysts recently issued reports on DGE shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($31.64) target price on shares of Diageo in a research report on Tuesday, January 7th. UBS Group raised Diageo to a “buy” rating and upped their target price for the company from GBX 2,300 ($29.11) to GBX 2,920 ($36.95) in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.43) target price on the stock in a research report on Friday, December 6th.

Insider Transactions at Diageo

In other news, insider Javier Ferrán bought 339 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 2,446 ($30.95) per share, with a total value of £8,291.94 ($10,493.47). Insiders have bought a total of 351 shares of company stock valued at $857,361 in the last ninety days. 0.11% of the stock is currently owned by corporate insiders.

Diageo Price Performance

LON DGE opened at GBX 2,190 ($27.71) on Monday. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The firm has a fifty day moving average price of GBX 2,392.05. Diageo has a 1 year low of GBX 2,098.50 ($26.56) and a 1 year high of GBX 3,056 ($38.67). The firm has a market cap of £48.62 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

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.