Diageo plc (LON:DGE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Diageo plc has received an average recommendation of "Moderate Buy" from eight research firms, with a twelve-month price target of GBX 2,358.14.
• Insider John Alexander Manzoni recently purchased 358 shares at an average price of GBX 1,833, totaling £6,562.14, while corporate insiders hold 0.16% of the company's stock.
• Shares of Diageo rose 1.4% to open at GBX 1,826.50, with a market capitalization of £40.61 billion.

Diageo plc (LON:DGE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,358.14.

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Diageo from GBX 1,950 to GBX 1,915 and set a "hold" rating on the stock in a report on Thursday. Citigroup restated a "buy" rating on shares of Diageo in a report on Monday, August 4th. Jefferies Financial Group decreased their price target on Diageo from GBX 2,500 to GBX 2,400 and set a "buy" rating on the stock in a report on Monday, September 8th. The Goldman Sachs Group upgraded Diageo to a "neutral" rating and set a GBX 2,000 price target on the stock in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a report on Thursday, August 7th.

Insiders Place Their Bets

In related news, insider John Alexander Manzoni purchased 358 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average price of GBX 1,833 per share, for a total transaction of £6,562.14. In the last 90 days, insiders acquired 1,042 shares of company stock worth $2,012,634. Corporate insiders own 0.16% of the company's stock.

Diageo Stock Up 1.4%

Shares of DGE opened at GBX 1,826.50 on Friday. The stock has a market capitalization of £40.61 billion, a price-to-earnings ratio of 1,728.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 1 year low of GBX 1,736.87 and a 1 year high of GBX 2,677. The business's 50 day simple moving average is GBX 1,913.47 and its 200-day simple moving average is GBX 1,967.78. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

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.

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