Diageo plc (LON:DGE) Receives GBX 2,358.14 Average PT from Brokerages

Diageo plc (LON:DGE) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,373.38.

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research note on Monday. Berenberg Bank reissued a “buy” rating and issued a GBX 2,372 target price on shares of Diageo in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Diageo from GBX 1,950 to GBX 1,915 and set a “hold” rating on the stock in a research note on Thursday, October 16th. Jefferies Financial Group lowered their price target on Diageo from GBX 2,500 to GBX 2,400 and set a “buy” rating for the company in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research note on Thursday, August 7th.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 358 shares of the business’s stock in a transaction on Friday, October 10th. The shares were bought at an average cost of GBX 1,833 per share, for a total transaction of £6,562.14. Over the last three months, insiders bought 1,042 shares of company stock valued at $2,012,634. Insiders own 0.16% of the company’s stock.

Diageo Stock Down 1.7%

Shares of DGE opened at GBX 1,819 on Friday. The company’s 50-day moving average price is GBX 1,900.41 and its 200 day moving average price is GBX 1,963.70. Diageo has a 12-month low of GBX 1,736.87 and a 12-month high of GBX 2,619.50. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm has a market cap of £40.44 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

About Diageo

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.