Diageo plc (LON:DGE) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Diageo plc (LON:DGE - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 2,029.

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,700 target price on shares of Diageo in a report on Friday, August 7th. Jefferies Financial Group raised their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a "buy" rating in a report on Monday, August 10th. Berenberg Bank restated a "buy" rating and issued a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th.

Diageo Stock Down 0.1%

DGE stock opened at GBX 1,628 on Tuesday. The company has a market cap of £36.20 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a fifty day moving average price of GBX 1,636.05 and a 200 day moving average price of GBX 1,557.75. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,966.50.

Insider Activity

In related news, insider John Alexander Manzoni bought 441 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of GBX 1,488 per share, with a total value of £6,562.08. Insiders purchased a total of 1,267 shares of company stock valued at $1,999,464 over the last quarter. Insiders own 0.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.