Brokerages Set Diageo plc (LON:DGE) Price Target at GBX 2,029

Diageo plc (LON:DGEGet Free Report) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,029.

A number of equities research analysts have recently commented on DGE shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research report on Monday, August 24th. Jefferies Financial Group upped their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research report on Monday, August 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 target price on shares of Diageo in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a report on Friday, August 7th.

Check Out Our Latest Stock Analysis on Diageo

Diageo Trading Down 1.7%

Shares of LON:DGE opened at GBX 1,614.50 on Tuesday. The stock has a market capitalization of £35.90 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 1,903.90. The company has a debt-to-equity ratio of 203.12, a quick ratio of 0.62 and a current ratio of 1.60. The company has a 50 day moving average price of GBX 1,645.73 and a 200 day moving average price of GBX 1,550.33.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni acquired 436 shares of the stock in a transaction dated Friday, July 10th. The shares were acquired at an average price of GBX 1,503 per share, with a total value of £6,553.08. Over the last quarter, insiders bought 1,240 shares of company stock worth $2,000,426. Corporate insiders own 0.16% of the company’s stock.

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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