Diageo (LON:DGE) Price Target Raised to GBX 2,200

Diageo (LON:DGE) had its target price boosted by Jefferies Financial Group from GBX 2,000 to GBX 2,200 in a report published on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a research report on Friday, August 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research report on Friday, August 7th. UBS Group reiterated a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a research note on Tuesday, May 5th. Finally, 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 Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,029.

Diageo Price Performance

Shares of DGE stock opened at GBX 1,732 on Monday. Diageo has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 2,142. The stock’s 50-day moving average is GBX 1,570.48 and its 200 day moving average is GBX 1,561.39. The company has a market cap of £38.51 billion, a P/E ratio of 16.01, a PEG ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 197.88, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Transactions at Diageo

In other news, insider John Rishton acquired 3,274 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 362 shares of Diageo stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of GBX 1,809 per share, with a total value of £6,548.58. In the last ninety days, insiders have acquired 4,541 shares of company stock valued at $6,998,862. 0.17% of the stock is currently owned by insiders.

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.