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

Shares of Diageo plc (LON:DGE) have earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,876.67 ($35.96).

A number of analysts recently commented on DGE shares. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($35.00) price objective for the company in a research report on Friday, December 6th. UBS Group upgraded shares of Diageo to a “buy” rating and lifted their price target for the stock from GBX 2,300 ($28.75) to GBX 2,920 ($36.50) in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,500 ($31.25) price objective on shares of Diageo in a research note on Tuesday, January 7th.

Diageo Stock Performance

Diageo stock opened at GBX 2,265 ($28.32) on Thursday. Diageo has a fifty-two week low of GBX 2,165.60 ($27.07) and a fifty-two week high of GBX 3,056 ($38.20). The stock has a market capitalization of £50.28 billion, a P/E ratio of 1,715.91, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The business’s fifty day moving average is GBX 2,454.08. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26.

Insider Buying and Selling

In other Diageo news, insider Javier Ferrán acquired 352 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of GBX 2,350 ($29.38) per share, with a total value of £8,272 ($10,341.29). In the last ninety days, insiders have bought 696 shares of company stock valued at $1,669,084. 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.