Diageo plc (NYSE:DEO) Receives $120.67 Consensus Price Target from Analysts

Shares of Diageo plc (NYSE:DEO) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $116.50.

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. UBS Group reissued a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein set a $124.00 target price on shares of Diageo and gave the stock an “outperform” rating in a research note on Monday, December 29th.

Institutional Investors Weigh In On Diageo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new position in Diageo during the second quarter worth about $26,000. Arlington Trust Co LLC grew its holdings in Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after buying an additional 272 shares during the period. Bell Investment Advisors Inc grew its holdings in Diageo by 94.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the period. New England Capital Financial Advisors LLC acquired a new position in shares of Diageo during the 3rd quarter valued at about $29,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Diageo during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $88.37 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo has a 52-week low of $84.52 and a 52-week high of $125.94. The stock’s fifty day simple moving average is $89.68 and its 200-day simple moving average is $98.02.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.