Diageo plc (LON:DGE) Receives GBX 2,393.14 Consensus Target Price from Brokerages

Key Points

• Diageo plc has received a consensus recommendation of "Moderate Buy" from eight research firms, with an average price target of GBX 2,393.14.
• Recent ratings include a "buy" from Citigroup and Jefferies Financial Group, with target prices set at GBX 2,500 and GBX 2,372 respectively.
• Insider John Alexander Manzoni recently purchased 335 shares at an average cost of GBX 1,955, indicating confidence in the company's future performance.

Diageo plc (LON:DGE - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,393.14.

Several analysts have commented on DGE shares. The Goldman Sachs Group raised shares of Diageo to a "neutral" rating and set a GBX 2,000 target price for the company in a research report on Thursday, August 7th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 target price on shares of Diageo in a research report on Tuesday, August 5th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 2,500 target price on shares of Diageo in a research report on Tuesday, August 5th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Diageo from GBX 2,010 to GBX 2,060 and gave the stock a "hold" rating in a research report on Tuesday, August 5th.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni acquired 321 shares of Diageo stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of GBX 2,046 per share, for a total transaction of £6,567.66. Insiders have acquired 1,010 shares of company stock valued at $2,014,592 in the last ninety days. 0.16% of the stock is currently owned by insiders.

Diageo Stock Down 1.4%

DGE stock traded down GBX 27.93 during trading hours on Friday, hitting GBX 2,033. The company's stock had a trading volume of 2,484,894 shares, compared to its average volume of 4,354,252. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The company has a market capitalization of £45.18 billion, a PE ratio of 1,260.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 12 month low of GBX 1,797 and a 12 month high of GBX 2,677. The stock has a 50 day moving average price of GBX 1,955.40 and a two-hundred day moving average price of GBX 2,031.04.

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.