Diageo (LON:DGE) Given Sector perform Rating at Royal Bank Of Canada

Diageo (LON:DGE - Get Free Report)'s stock had its "sector perform" rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, July 16th, MarketBeat.com reports. They currently have a GBX 2,400 ($32.25) price objective on the stock. Royal Bank Of Canada's price objective points to a potential upside of 21.46% from the stock's previous close.

DGE has been the subject of a number of other reports. Citigroup reaffirmed a "buy" rating on shares of Diageo in a report on Tuesday, July 8th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($31.88) price target on shares of Diageo in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Diageo from GBX 1,960 ($26.34) to GBX 2,010 ($27.01) and gave the company a "hold" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,571.71 ($34.56).

Diageo Price Performance

DGE traded up GBX 21.50 ($0.29) on Wednesday, hitting GBX 1,976 ($26.56). 5,523,827 shares of the company were exchanged, compared to its average volume of 4,244,674. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The business's fifty day moving average is GBX 1,946.85 and its 200 day moving average is GBX 2,097.23. Diageo has a fifty-two week low of GBX 1,820 ($24.46) and a fifty-two week high of GBX 2,677 ($35.98). The firm has a market capitalization of £43.86 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni acquired 335 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were bought at an average cost of GBX 1,955 ($26.27) per share, with a total value of £6,549.25 ($8,801.57). Insiders bought a total of 981 shares of company stock valued at $1,999,510 in the last quarter. Insiders own 0.11% 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.