Diageo plc (LON:DGE) Given Average Rating of “Hold” by Analysts

Diageo plc (LON:DGE) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 2,993.33 ($37.79).

DGE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($40.40) target price on shares of Diageo in a research report on Thursday, August 22nd. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.35) price objective for the company in a report on Friday, December 6th. Finally, UBS Group upgraded shares of Diageo to a “buy” rating and raised their target price for the stock from GBX 2,300 ($29.04) to GBX 2,920 ($36.87) in a report on Thursday.

Insider Buying and Selling

In other news, insider Javier Ferrán bought 352 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of GBX 2,350 ($29.67) per share, with a total value of £8,272 ($10,444.44). In the last three months, insiders acquired 1,015 shares of company stock valued at $2,476,438. Insiders own 0.11% of the company’s stock.

Diageo Price Performance

DGE opened at GBX 2,618.50 ($33.06) on Wednesday. The stock has a market cap of £58.13 billion, a price-to-earnings ratio of 1,983.71, a PEG ratio of 1.75 and a beta of 0.36. The stock has a 50-day moving average of GBX 2,474.16. Diageo has a 1 year low of GBX 2,165.60 ($27.34) and a 1 year high of GBX 3,056 ($38.59). The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26.

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.