Diageo plc (LON:DGE) Stock Has Consensus Price Target of GBX 2,033.86 According to Brokerages

Key Points

• Diageo has a “Moderate Buy” consensus rating from seven analysts: four recommend buying the stock, while three rate it a hold.
• Analysts’ average 12-month price target is GBX 2,033.86, above the reported opening price of GBX 1,601.50. Individual targets range from GBX 1,734 to GBX 2,223.
• Diageo has a £35.61 billion market capitalization and trades at a P/E ratio of 20.56; insiders purchased 1,240 shares over the past 90 days, while insider ownership remains low at 0.16%.

Diageo plc (LON:DGE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,033.86.

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Diageo from GBX 2,000 to GBX 2,200 and gave the company a "buy" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Diageo from GBX 1,770 to GBX 1,734 and set a "hold" rating on the stock in a report on Wednesday, September 16th. Berenberg Bank reissued 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 restated an "outperform" rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Monday, August 24th.

Diageo Price Performance

DGE stock opened at GBX 1,601.50 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The company has a market capitalization of £35.61 billion, a PE ratio of 20.56, a P/E/G ratio of 1.75 and a beta of 0.31. Diageo has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 1,903.90. The business's fifty day moving average price is GBX 1,667.43 and its 200 day moving average price is GBX 1,557.54.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni bought 436 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Insiders acquired 1,240 shares of company stock valued at $2,000,426 in the last ninety days. Company insiders own 0.16% of the company's stock.

Diageo Company Profile

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.

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