Diageo (LON:DGE) Earns "Outperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on Diageo and maintained a GBX 2,000 price target, implying 14.51% upside from the current price.
• Analyst sentiment is broadly positive: Diageo has a consensus “Moderate Buy” rating and an average price target of GBX 2,029, with recent targets ranging from GBX 1,600 to GBX 2,223.
• Diageo shares rose 1.6% to open at GBX 1,746.50, while insiders purchased 1,267 shares worth approximately £2 million over the past 90 days.

Diageo (LON:DGE - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Monday,London Stock Exchange reports. They presently have a GBX 2,000 target price on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 14.51% from the company's current price.

DGE has been the topic of several other reports. Jefferies Financial Group lifted their price target on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the company a "buy" rating in a report on Monday, August 10th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,700 price target on shares of Diageo in a research note on Friday, August 7th. Finally, UBS Group restated a "neutral" rating and set a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,029.

Diageo Stock Up 1.6%

Shares of LON DGE opened at GBX 1,746.50 on Monday. The stock has a market capitalization of £38.83 billion, a P/E ratio of 16.14, a PEG ratio of 1.75 and a beta of 0.31. The stock's fifty day moving average is GBX 1,601.08 and its 200 day moving average is GBX 1,564.39. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 2,116. The company has a debt-to-equity ratio of 204.18, a quick ratio of 0.62 and a current ratio of 1.60.

Insider Activity

In related news, insider John Alexander Manzoni acquired 441 shares of the stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. Insiders bought 1,267 shares of company stock worth $1,999,464 in the last ninety days. 0.17% of the stock is owned by company insiders.

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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