Diageo plc (LON:DGE) Receives Average Rating of “Hold” from Analysts

Shares of Diageo plc (LON:DGE) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 2,993.33 ($37.18).

DGE has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.78) target price on the stock in a report on Friday, December 6th. UBS Group upgraded shares of Diageo to a “buy” rating and boosted their price objective for the stock from GBX 2,300 ($28.57) to GBX 2,920 ($36.27) in a research note on Thursday, December 12th.

Diageo Stock Down 3.9 %

DGE stock opened at GBX 2,448.50 ($30.42) on Friday. Diageo has a twelve month low of GBX 2,165.60 ($26.90) and a twelve month high of GBX 3,056 ($37.96). The company has a market cap of £54.36 billion, a price-to-earnings ratio of 1,854.92, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The business has a 50 day moving average price of GBX 2,452.82 and a two-hundred day moving average price of GBX 2,493.40.

Insiders Place Their Bets

In other news, insider Javier Ferrán bought 352 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of GBX 2,350 ($29.19) per share, with a total value of £8,272 ($10,275.78). Insiders purchased a total of 1,015 shares of company stock valued at $2,476,438 over the last ninety days. 0.11% of the stock is currently owned by company insiders.

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.