Diageo plc (LON:DGE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have given Diageo an average rating of "Moderate Buy" from eight firms (five buys, three holds) with an average 1-year price target of GBX 2,111.25.
• Shares opened at GBX 1,452 (trading up ~0.3%), the company has a market cap of £32.29 billion, a P/E of 13.42, and a 1-year range of GBX 1,350–2,215.
• Insider activity included John Alexander Manzoni buying 446 shares at GBX 1,471 and Nik Jhangiani selling 19,871 shares at GBX 1,500, with company insiders owning about 0.16% of the stock.

Shares of Diageo plc (LON:DGE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,111.25.

A number of research firms have recently commented on DGE. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 2,000 price objective on shares of Diageo in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group dropped their price objective on Diageo from GBX 2,300 to GBX 2,000 and set a "buy" rating on the stock in a research report on Thursday, January 15th.

Diageo Trading Up 0.3%

Shares of LON DGE opened at GBX 1,452 on Friday. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a market cap of £32.29 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,215. The firm has a 50-day moving average of GBX 1,572.79 and a 200 day moving average of GBX 1,666.24.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni bought 446 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was 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 that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total transaction of £298,065. Insiders bought 1,668 shares of company stock valued at $2,669,127 over the last quarter. Company 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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