Diageo plc (LON:DGE) Receives GBX 2,993.33 Consensus Price Target from Analysts

Shares of Diageo plc (LON:DGE) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,876.67 ($35.89).

A number of research firms recently issued reports on DGE. UBS Group upgraded shares of Diageo to a “buy” rating and boosted their target price for the company from GBX 2,300 ($28.69) to GBX 2,920 ($36.43) in a research report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($31.19) price objective on shares of Diageo in a report on Tuesday. Finally, Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($34.93) target price on the stock in a report on Friday, December 6th.

Insider Activity

In related news, insider Javier Ferrán acquired 339 shares of Diageo stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of GBX 2,446 ($30.51) per share, for a total transaction of £8,291.94 ($10,344.24). Insiders have acquired 1,015 shares of company stock worth $2,476,438 in the last ninety days. Company insiders own 0.11% of the company’s stock.

Diageo Trading Up 0.1 %

Shares of LON DGE opened at GBX 2,506.50 ($31.27) on Friday. The company’s 50 day simple moving average is GBX 2,448.21. The firm has a market cap of £55.64 billion, a PE ratio of 1,898.86, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. Diageo has a 12 month low of GBX 2,165.60 ($27.02) and a 12 month high of GBX 3,056 ($38.12).

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.