Diageo plc (LON:DGE) Given Average Recommendation of “Hold” by Brokerages

Diageo plc (LON:DGE) has received a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,876.67 ($36.40).

A number of analysts have commented on the stock. UBS Group upgraded shares of Diageo to a “buy” rating and increased their price objective for the company from GBX 2,300 ($29.11) to GBX 2,920 ($36.95) in a report on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,500 ($31.64) price objective on shares of Diageo in a report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.43) price objective for the company in a report on Friday, December 6th.

Diageo Trading Up 3.1 %

DGE stock opened at GBX 2,190 ($27.71) on Monday. The firm has a market cap of £48.62 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. Diageo has a 12 month low of GBX 2,098.50 ($26.56) and a 12 month high of GBX 3,056 ($38.67). The company has a 50-day simple moving average of GBX 2,392.05.

Insider Transactions at Diageo

In other news, insider Javier Ferrán bought 339 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 2,446 ($30.95) per share, with a total value of £8,291.94 ($10,493.47). Insiders bought 351 shares of company stock worth $857,361 in the last 90 days. 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.