Diageo plc (LON:DGE) Stock Has Average Target Price of GBX 2,033.86

Diageo plc (LON:DGE) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 2,033.86.

A number of research analysts recently commented on DGE shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft cut their target price on Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Finally, Jefferies Financial Group lifted their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research report on Monday, August 10th.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni bought 436 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Insiders bought a total of 1,240 shares of company stock worth $2,000,426 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Diageo Stock Performance

DGE stock opened at GBX 1,611 on Friday. The company has a 50-day simple moving average of GBX 1,665.89 and a 200 day simple moving average of GBX 1,561.94. The company has a market capitalization of £35.84 billion, a P/E ratio of 20.68, a PEG ratio of 1.75 and a beta of 0.31. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,903.90.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.