Diageo plc (LON:DGE) Receives Average Recommendation of “Reduce” from Analysts

Shares of Diageo plc (LON:DGE) have earned a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,040 ($38.19).

A number of analysts have recently weighed in on DGE shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,900 ($36.43) price target on shares of Diageo in a report on Thursday, April 18th. Barclays reduced their price target on Diageo from GBX 3,730 ($46.85) to GBX 3,550 ($44.59) and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Diageo in a research note on Tuesday.

Insider Buying and Selling at Diageo

In other Diageo news, insider Karen Blackett purchased 702 shares of the stock in a transaction on Monday, April 8th. The shares were bought at an average price of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,919.63). In related news, insider Karen Blackett acquired 702 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were acquired 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 purchased 290 shares of Diageo stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). Over the last quarter, insiders bought 1,002 shares of company stock valued at $2,839,892. Corporate insiders own 0.13% of the company’s stock.

Diageo Trading Up 0.2 %

Shares of LON DGE traded up GBX 6 ($0.08) during trading hours on Tuesday, reaching GBX 2,775.50 ($34.86). The stock had a trading volume of 3,385,694 shares, compared to its average volume of 3,556,633. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. The business’s fifty day moving average price is GBX 2,883.16 and its two-hundred day moving average price is GBX 2,889.60. The firm has a market cap of £61.89 billion, a price-to-earnings ratio of 1,862.75, a P/E/G ratio of 1.64 and a beta of 0.32. Diageo has a 52-week low of GBX 2,676 ($33.61) and a 52-week high of GBX 3,694.50 ($46.41).

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.