Diageo plc (LON:DGE) Given Average Recommendation of “Reduce” by Brokerages

Shares of Diageo plc (LON:DGE) have been given an average recommendation of “Reduce” by the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 3,038 ($38.60).

Several brokerages have issued reports on DGE. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Diageo in a research note on Tuesday, April 30th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,800 ($35.58) price objective on shares of Diageo in a research report on Wednesday, June 12th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research report on Monday, February 26th. Finally, Barclays lifted their price objective on shares of Diageo from GBX 3,550 ($45.11) to GBX 3,640 ($46.25) and gave the company an “overweight” rating in a research report on Wednesday, May 1st.

Diageo Stock Down 0.8 %

Shares of DGE stock opened at GBX 2,537.50 ($32.24) on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. Diageo has a 1 year low of GBX 2,515.50 ($31.96) and a 1 year high of GBX 3,509 ($44.59). The firm’s fifty day moving average price is GBX 2,729.64 and its two-hundred day moving average price is GBX 2,816.79. The firm has a market capitalization of £56.33 billion, a P/E ratio of 1,760.07, a PEG ratio of 1.58 and a beta of 0.33.

Insider Buying and Selling

In related news, insider Karen Blackett bought 702 shares of Diageo stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average price of GBX 2,826 ($35.91) per share, with a total value of £19,838.52 ($25,207.78). In other Diageo news, insider Javier Ferrán acquired 292 shares of the business’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of GBX 2,836 ($36.04) per share, with a total value of £8,281.12 ($10,522.39). Also, insider Karen Blackett acquired 702 shares of the business’s stock in a transaction on Monday, April 8th. The stock was acquired at an average cost of GBX 2,826 ($35.91) per share, with a total value of £19,838.52 ($25,207.78). In the last 90 days, insiders purchased 1,313 shares of company stock valued at $3,655,074. Company insiders own 0.13% of the company’s stock.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.