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

Shares of Diageo plc (LON:DGE) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 3,008 ($38.43).

DGE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,200 ($40.88) price target on shares of Diageo in a report on Thursday, August 22nd. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.77) price target on the stock in a report on Friday, December 6th.

Diageo Stock Performance

Shares of DGE opened at GBX 2,441.85 ($31.20) on Wednesday. The business has a 50-day simple moving average of GBX 2,478.69. Diageo has a fifty-two week low of GBX 2,165.60 ($27.67) and a fifty-two week high of GBX 3,056 ($39.04). The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The stock has a market capitalization of £54.21 billion, a PE ratio of 1,849.89, a PEG ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán purchased 352 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of GBX 2,350 ($30.02) per share, for a total transaction of £8,272 ($10,568.54). 0.11% of the stock is owned by insiders.

Diageo Company Profile

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.