Brokerages Set Diageo plc (LON:DGE) Price Target at GBX 3,008

Shares of Diageo plc (LON:DGE) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 3,008 ($38.06).

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Diageo to a “sector perform” rating and increased their price objective for the stock from GBX 2,100 ($26.57) to GBX 2,400 ($30.37) in a report on Monday, August 12th. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($37.96) price objective on shares of Diageo in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,200 ($40.49) target price on shares of Diageo in a research note on Thursday, August 22nd.

Diageo Trading Down 0.2 %

Shares of DGE opened at GBX 2,358 ($29.84) on Friday. Diageo has a 12 month low of GBX 2,165.60 ($27.40) and a 12 month high of GBX 3,056 ($38.67). The stock’s 50-day moving average is GBX 2,504.43 and its two-hundred day moving average is GBX 2,551.65. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The stock has a market cap of £52.35 billion, a PE ratio of 1,786.36, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In other Diageo news, insider Javier Ferrán acquired 339 shares of the stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of GBX 2,444 ($30.92) per share, with a total value of £8,285.16 ($10,483.56). In the last ninety days, insiders bought 1,015 shares of company stock valued at $2,475,760. 0.11% of the stock is owned by corporate insiders.

About Diageo

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.