Shares of Diageo plc (LON:DGE) have earned an average recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 3,988 ($52.88).
A number of equities analysts recently issued reports on DGE shares. Berenberg Bank raised their price target on Diageo from GBX 3,700 ($49.07) to GBX 3,900 ($51.72) and gave the stock a “hold” rating in a report on Tuesday, November 16th. Barclays raised their price target on Diageo from GBX 4,400 ($58.35) to GBX 4,770 ($63.25) and gave the stock an “overweight” rating in a report on Thursday, November 18th. Jefferies Financial Group set a GBX 4,800 ($63.65) price target on Diageo in a report on Wednesday, November 17th. JPMorgan Chase & Co. set a GBX 4,350 ($57.68) price objective on shares of Diageo in a research report on Tuesday, November 30th. Finally, Kepler Capital Markets set a GBX 3,900 ($51.72) price objective on shares of Diageo in a research report on Wednesday, November 17th.
In related news, insider Javier Ferrán acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 23rd. The stock was purchased at an average cost of GBX 3,525 ($46.74) per share, for a total transaction of £881,250 ($1,168,611.59). Also, insider Ivan Menezes sold 26,664 shares of Diageo stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of GBX 4,801 ($63.67), for a total transaction of £1,280,138.64 ($1,697,571.46). Insiders have purchased a total of 25,663 shares of company stock valued at $90,606,438 over the last 90 days.
LON DGE opened at GBX 3,948 ($52.35) on Friday. The company has a quick ratio of 0.73, a current ratio of 1.60 and a debt-to-equity ratio of 180.10. Diageo has a 52-week low of GBX 2,805.28 ($37.20) and a 52-week high of GBX 4,364.10 ($57.87). The business’s 50-day moving average price is GBX 3,713.16 and its 200 day moving average price is GBX 3,565.80. The firm has a market cap of £92.02 billion and a P/E ratio of 34.81.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.