Diageo plc (LON:DGE) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Diageo has a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold recommendations. The average 12-month price target is GBX 1,959.50.
• Recent broker targets range from GBX 1,734 from Deutsche Bank, which maintained a hold rating, to GBX 2,223 from Berenberg Bank, which reiterated its buy rating.
• Diageo shares opened at GBX 1,752.75, while insiders have purchased 1,203 shares worth approximately $2.0 million over the past 90 days.

Shares of Diageo plc (LON:DGE - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,959.50.

Several research firms recently commented on DGE. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 1,734 price target on shares of Diageo in a research note on Tuesday. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 2,200 price target on shares of Diageo in a report on Wednesday, October 14th.

Diageo Trading Up 0.1%

Shares of Diageo stock opened at GBX 1,752.75 on Wednesday. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,903.90. The business's fifty day moving average is GBX 1,674.27 and its two-hundred day moving average is GBX 1,597.06. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12. The firm has a market cap of £38.99 billion, a PE ratio of 22.50, a P/E/G ratio of 1.75 and a beta of 0.31.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni acquired 414 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of GBX 1,585 per share, for a total transaction of £6,561.90. In the last 90 days, insiders have bought 1,203 shares of company stock worth $2,000,783. Corporate 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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