Brokerages Set Diageo plc (NYSE:DEO) Price Target at $119.00

Shares of Diageo plc (NYSE:DEO) have earned an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $119.00.

DEO has been the subject of several analyst reports. Bank of America reduced their target price on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DEO. Brighton Jones LLC bought a new position in shares of Diageo during the 4th quarter worth about $202,000. National Bank of Canada FI raised its position in Diageo by 0.3% in the first quarter. National Bank of Canada FI now owns 51,513 shares of the company’s stock worth $5,398,000 after purchasing an additional 136 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Diageo by 11.1% during the first quarter. Benjamin Edwards Inc. now owns 18,962 shares of the company’s stock worth $1,987,000 after purchasing an additional 1,893 shares during the period. Nuveen LLC acquired a new stake in Diageo during the first quarter valued at approximately $1,060,000. Finally, HighTower Advisors LLC grew its stake in shares of Diageo by 0.7% in the 1st quarter. HighTower Advisors LLC now owns 94,584 shares of the company’s stock valued at $9,911,000 after purchasing an additional 640 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Trading Up 0.7%

Shares of NYSE:DEO opened at $89.55 on Wednesday. The business has a 50-day moving average of $92.72 and a two-hundred day moving average of $100.22. Diageo has a fifty-two week low of $85.13 and a fifty-two week high of $129.84. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

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.