Analysts Set Diageo plc (LON:DGE) Price Target at GBX 4,554.88

Shares of Diageo plc (LON:DGEGet Free Report) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 4,554.88.

A number of equities research analysts have recently weighed in on DGE shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, May 27th. UBS Group reiterated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,759 price target on shares of Diageo in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group restated a “buy” rating and set a £222.30 price target on shares of Diageo in a research report on Friday, June 26th.

Read Our Latest Stock Report on DGE

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni acquired 436 shares of the business’s stock in a transaction on Friday, July 10th. The shares were acquired at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Also, insider John Rishton purchased 3,274 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of GBX 1,527 per share, with a total value of £49,993.98. In the last quarter, insiders purchased 4,606 shares of company stock worth $7,012,849. 0.16% of the stock is currently owned by company insiders.

Diageo Stock Performance

Diageo stock opened at GBX 1,566 on Monday. Diageo has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 2,142. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The firm has a market capitalization of £34.82 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The firm’s 50 day simple moving average is GBX 1,537.75 and its 200 day simple moving average is GBX 1,558.33.

About Diageo

(Get Free Report)

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. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.

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Analyst Recommendations for Diageo (LON:DGE)

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