Diageo (LON:DGE) Receives "Neutral" Rating from UBS Group

Key Points

• UBS reiterated a "neutral" rating on Diageo with a GBX 1,600 price target, implying roughly a 9.95% upside from the prior close.
• Market consensus is a "Moderate Buy" with a consensus price target of GBX 2,000; five analysts rate Diageo as Buy and three as Hold, showing stronger bullish sentiment overall than UBS.
• Shares opened around GBX 1,455 with a market cap of £32.36 billion and a P/E of 13.45, and recent insider activity included a small purchase (446 shares) and a larger sale (19,871 shares), with insiders owning 0.16% of the stock.

Diageo (LON:DGE - Get Free Report)'s stock had its "neutral" rating reiterated by UBS Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,600 price target on the stock. UBS Group's target price suggests a potential upside of 9.95% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 1,650 target price on shares of Diageo in a research report on Wednesday, April 15th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,900 target price on shares of Diageo in a research report on Wednesday, April 15th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Diageo currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,000.

Diageo Stock Performance

Shares of DGE opened at GBX 1,455.20 on Tuesday. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The stock has a market capitalization of £32.36 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.75 and a beta of 0.30. The company's fifty day moving average is GBX 1,490.94 and its two-hundred day moving average is GBX 1,635.27. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,215.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni bought 446 shares of the firm's stock in a transaction on Friday, April 10th. The shares were bought at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider Nik Jhangiani sold 19,871 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £298,065. Insiders have acquired a total of 1,262 shares of company stock worth $1,999,723 over the last 90 days. 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.

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