Royal Bank Of Canada Reaffirms "Sector Perform" Rating for Diageo (LON:DGE)

Diageo (LON:DGE - Get Free Report)'s stock had its "sector perform" rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 2,400 ($32.23) target price on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 24.42% from the company's previous close.

A number of other brokerages have also recently commented on DGE. Deutsche Bank Aktiengesellschaft upped their target price on shares of Diageo from GBX 1,960 ($26.32) to GBX 2,010 ($26.99) and gave the company a "hold" rating in a report on Tuesday, July 8th. Citigroup reaffirmed a "buy" rating on shares of Diageo in a report on Tuesday, July 8th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($31.85) target price on shares of Diageo in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 2,571.71 ($34.53).

Diageo Stock Performance

LON DGE traded up GBX 15.50 ($0.21) during trading hours on Wednesday, hitting GBX 1,929 ($25.90). 4,056,999 shares of the company's stock traded hands, compared to its average volume of 4,255,693. Diageo has a 52 week low of GBX 1,820 ($24.44) and a 52 week high of GBX 2,677 ($35.95). The firm has a market capitalization of £42.82 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The business's fifty day moving average price is GBX 1,972.04 and its two-hundred day moving average price is GBX 2,120.92.

Insider Activity

In other news, insider John Alexander Manzoni acquired 335 shares of Diageo stock in a transaction dated Wednesday, July 9th. The stock was purchased at an average cost of GBX 1,955 ($26.25) per share, with a total value of £6,549.25 ($8,794.48). Insiders have acquired 981 shares of company stock valued at $1,999,510 over the last three months. Corporate insiders own 0.11% 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.