Analysts Set Diageo plc (LON:DGE) Price Target at GBX 2,500.33

Shares of Diageo plc (LON:DGE - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,450.33.

Several equities analysts recently issued reports on the company. Berenberg Bank restated a "buy" rating and set a GBX 2,372 ($31.54) price target on shares of Diageo in a research report on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Diageo in a research note on Monday. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,400 ($31.91) price objective on shares of Diageo in a research note on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,500 ($33.24) price target on shares of Diageo in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Diageo from GBX 1,960 ($26.06) to GBX 2,010 ($26.73) and gave the stock a "hold" rating in a research report on Tuesday, July 8th.

Diageo Trading Up 4.9%

Shares of LON:DGE traded up GBX 89 ($1.18) on Monday, reaching GBX 1,904 ($25.32). 12,110,897 shares of the company traded hands, compared to its average volume of 4,341,307. Diageo has a 52 week low of GBX 1,797 ($23.89) and a 52 week high of GBX 2,677 ($35.59). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The business's 50-day simple moving average is GBX 1,921.68 and its 200 day simple moving average is GBX 2,069.55. The stock has a market capitalization of £42.27 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni acquired 335 shares of Diageo stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 1,955 ($25.99) per share, for a total transaction of £6,549.25 ($8,707.95). In the last ninety days, insiders bought 981 shares of company stock valued at $1,999,510. 0.11% of the stock is currently owned by company insiders.

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.