Diageo plc (LON:DGE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Diageo plc has received a consensus recommendation of "Moderate Buy" from analysts, with four ratings indicating a hold and four indicating a buy.
• The average price target for Diageo shares among brokers is currently set at GBX 2,378.86, with recent analyst ratings including upgrades from Goldman Sachs and Deutsche Bank.
• Insider buying activity has been noted, with company insider John Alexander Manzoni purchasing 340 shares at an average price of GBX 1,927.

Diageo plc (LON:DGE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 2,378.86.

Several analysts have issued reports on the company. The Goldman Sachs Group upgraded Diageo to a "neutral" rating and set a GBX 2,000 price objective on the stock in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Diageo from GBX 2,010 to GBX 2,060 and gave the company a "hold" rating in a research note on Tuesday, August 5th. Berenberg Bank restated a "buy" rating and issued a GBX 2,372 price objective on shares of Diageo in a research note on Tuesday, August 5th. Jefferies Financial Group lowered their target price on Diageo from GBX 2,500 to GBX 2,400 and set a "buy" rating on the stock in a research note on Monday, September 8th. Finally, Citigroup reiterated a "buy" rating on shares of Diageo in a research note on Monday, August 4th.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni bought 340 shares of the stock in a transaction dated Wednesday, September 10th. The shares were bought at an average price of GBX 1,927 per share, for a total transaction of £6,551.80. Insiders purchased a total of 1,019 shares of company stock worth $2,012,305 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

Diageo Price Performance

LON:DGE opened at GBX 1,780 on Tuesday. 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 stock's 50-day simple moving average is GBX 1,967 and its 200 day simple moving average is GBX 2,003.90. The company has a market cap of £39.61 billion, a P/E ratio of 1,684.01, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 52-week low of GBX 1,779 and a 52-week high of GBX 2,677.

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.

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