Diageo plc (NYSE:DEO) Receives $129.00 Consensus Price Target from Brokerages

Shares of Diageo plc (NYSE:DEO - Get Free Report) have been assigned an average recommendation of "Hold" from the ten research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $129.00.

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Finally, Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock.

Diageo Price Performance

Diageo stock traded up $1.55 during mid-day trading on Friday, hitting $109.63. 708,839 shares of the company were exchanged, compared to its average volume of 946,849. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The business has a fifty day moving average of $109.80 and a 200 day moving average of $114.86. Diageo has a 1-year low of $100.72 and a 1-year high of $142.73. The company has a market capitalization of $60.99 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60.

Hedge Funds Weigh In On Diageo

Large investors have recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Diageo in the fourth quarter valued at about $25,000. Orion Capital Management LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co purchased a new position in shares of Diageo during the first quarter valued at approximately $27,000. Barrett & Company Inc. purchased a new position in shares of Diageo during the first quarter valued at approximately $27,000. Finally, Abound Financial LLC purchased a new position in shares of Diageo during the first quarter valued at approximately $27,000. 8.97% of the stock is currently owned by institutional investors.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.