Brokerages Set Diageo plc (LON:DGE) Target Price at GBX 3,008

Diageo plc (LON:DGE) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 2,993.33 ($37.79).

A number of brokerages have recently weighed in on DGE. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($40.40) price objective on shares of Diageo in a report on Thursday, August 22nd. UBS Group raised shares of Diageo to a “buy” rating and increased their price target for the stock from GBX 2,300 ($29.04) to GBX 2,920 ($36.87) in a report on Thursday. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($35.35) target price on the stock in a research report on Friday, December 6th.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán bought 352 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of GBX 2,350 ($29.67) per share, with a total value of £8,272 ($10,444.44). In the last ninety days, insiders bought 1,015 shares of company stock valued at $2,476,438. 0.11% of the stock is owned by insiders.

Diageo Trading Up 2.3 %

LON:DGE opened at GBX 2,618.50 ($33.06) on Wednesday. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The stock’s 50 day moving average is GBX 2,474.16. Diageo has a twelve month low of GBX 2,165.60 ($27.34) and a twelve month high of GBX 3,056 ($38.59). The stock has a market cap of £58.13 billion, a P/E ratio of 1,983.71, a PEG ratio of 1.75 and a beta of 0.36.

Diageo Company Profile

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.