Diageo plc (LON:DGE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Diageo plc (LON:DGE) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three investment 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 analysts that have issued ratings on the stock in the last year is GBX 2,029.

A number of research firms recently weighed in on DGE. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Wednesday, May 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. UBS Group reiterated a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,700 target price on shares of Diageo in a report on Friday, August 7th. Finally, Jefferies Financial Group lifted their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a research note on Monday.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 362 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of GBX 1,809 per share, with a total value of £6,548.58. Also, insider John Rishton bought 3,274 shares of the company’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of GBX 1,527 per share, with a total value of £49,993.98. Over the last three months, insiders purchased 4,541 shares of company stock worth $6,998,862. 0.17% of the stock is owned by corporate insiders.

Diageo Price Performance

DGE stock opened at GBX 1,754.50 on Friday. The firm has a 50 day moving average of GBX 1,576.06 and a 200-day moving average of GBX 1,561.92. Diageo has a 12-month low of GBX 1,295.50 and a 12-month 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 197.88. The company has a market cap of £39.01 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.75 and a beta of 0.31.

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. 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.