Brokerages Set Diageo plc (LON:DGE) Target Price at GBX 2,876.67

Shares of Diageo plc (LON:DGE) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 2,876.67 ($36.48).

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.51) price objective for the company in a research report on Friday, December 6th. UBS Group upgraded Diageo to a “buy” rating and lifted their price target for the company from GBX 2,300 ($29.17) to GBX 2,920 ($37.03) in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,500 ($31.71) price objective on shares of Diageo in a report on Tuesday, January 7th.

Diageo Stock Up 0.4 %

DGE opened at GBX 2,183 ($27.69) on Monday. The business’s fifty day moving average price is GBX 2,370.29. The stock has a market cap of £48.46 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 52 week low of GBX 2,098.50 ($26.61) and a 52 week high of GBX 3,056 ($38.76). The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán bought 339 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of GBX 2,446 ($31.02) per share, with a total value of £8,291.94 ($10,516.09). Insiders purchased 351 shares of company stock worth $857,361 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

About Diageo

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.