Analysts Set Diageo plc (LON:DGE) Price Target at GBX 3,040

Diageo plc (LON:DGE - Get Free Report) has received an average recommendation of "Reduce" from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 3,040 ($38.19).

DGE has been the subject of a number of research reports. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 2,900 ($36.43) price target on shares of Diageo in a research note on Thursday, April 18th. Barclays lowered their price objective on Diageo from GBX 3,730 ($46.85) to GBX 3,550 ($44.59) and set an "overweight" rating for the company in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Diageo in a research report on Tuesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a research note on Monday, February 26th.

Diageo Stock Performance

LON DGE traded up GBX 6 ($0.08) during trading on Tuesday, reaching GBX 2,775.50 ($34.86). The company's stock had a trading volume of 3,387,300 shares, compared to its average volume of 3,556,633. Diageo has a 12 month low of GBX 2,676 ($33.61) and a 12 month high of GBX 3,694.50 ($46.41). The firm has a 50 day moving average price of GBX 2,879.34 and a 200 day moving average price of GBX 2,887.69. The firm has a market capitalization of £61.89 billion, a price-to-earnings ratio of 1,862.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.32. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59.

Insider Buying and Selling

In other news, insider Karen Blackett purchased 702 shares of the business's stock in a transaction on Monday, April 8th. The stock was purchased at an average cost of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). In related news, insider Karen Blackett acquired 702 shares of the company's stock in a transaction dated Monday, April 8th. The stock was bought at an average cost of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Also, insider Javier Ferrán bought 290 shares of Diageo stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). In the last ninety days, insiders acquired 1,002 shares of company stock valued at $2,839,892. Company insiders own 0.13% of the company's stock.

About Diageo

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