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

Shares of Diageo plc (LON:DGE) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 3,008 ($38.13).

DGE has been the topic of several research analyst reports. Citigroup reissued a “buy” rating and set a GBX 3,000 ($38.03) price target on shares of Diageo in a research note on Monday, July 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($40.56) target price on shares of Diageo in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada raised Diageo to a “sector perform” rating and upped their price target for the company from GBX 2,100 ($26.62) to GBX 2,400 ($30.42) in a research note on Monday, August 12th.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 324 shares of the stock in a transaction dated Thursday, October 10th. The stock was bought at an average cost of GBX 2,531 ($32.08) per share, with a total value of £8,200.44 ($10,394.78). Over the last ninety days, insiders have acquired 1,015 shares of company stock valued at $2,475,760. 0.11% of the stock is currently owned by insiders.

Diageo Stock Up 0.7 %

Shares of LON DGE opened at GBX 2,360.50 ($29.92) on Friday. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The firm has a market cap of £52.40 billion, a P/E ratio of 1,780.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 12-month low of GBX 2,165.60 ($27.45) and a 12-month high of GBX 3,056 ($38.74). The stock’s 50-day moving average is GBX 2,505.82.

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.