Diageo plc (LON:DGE) Given Average Rating of “Hold” by Analysts

Shares of Diageo plc (LON:DGE) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, 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 brokerages that have updated their coverage on the stock in the last year is GBX 2,876.67 ($36.18).

A number of equities research analysts have recently commented on the company. UBS Group upgraded Diageo to a “buy” rating and lifted their target price for the stock from GBX 2,300 ($28.92) to GBX 2,920 ($36.72) in a research note on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,500 ($31.44) target price on shares of Diageo in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($35.21) target price on the stock in a research note on Friday, December 6th.

Insider Activity at Diageo

In other news, insider Javier Ferrán acquired 339 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of GBX 2,446 ($30.76) per share, for a total transaction of £8,291.94 ($10,427.49). In the last three months, insiders have bought 351 shares of company stock worth $857,361. Company insiders own 0.11% of the company’s stock.

Diageo Trading Up 1.4 %

LON DGE opened at GBX 2,163 ($27.20) on Monday. The stock has a market capitalization of £48.02 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.75 and a beta of 0.36. Diageo has a one year low of GBX 2,098.50 ($26.39) and a one year high of GBX 2,988 ($37.58). The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The business’s fifty day moving average is GBX 2,355.61 and its 200-day moving average is GBX 2,435.82.

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.