Analysts Set Diageo plc (LON:DGE) Price Target at GBX 2,993.33

Diageo plc (LON:DGE) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One 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 12 month target price among brokerages that have covered the stock in the last year is GBX 2,876.67 ($35.12).

DGE has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.19) price target for the company in a report on Friday, December 6th. UBS Group raised Diageo to a “buy” rating and upped their price target for the stock from GBX 2,300 ($28.08) to GBX 2,920 ($35.65) in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,500 ($30.53) price objective on shares of Diageo in a research report on Tuesday, January 7th.

Insider Transactions at Diageo

In other news, insider Javier Ferrán purchased 339 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of GBX 2,446 ($29.87) per share, for a total transaction of £8,291.94 ($10,124.47). Insiders own 0.11% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock opened at GBX 2,475.92 ($30.23) on Friday. The firm has a market capitalization of £54.97 billion, a PE ratio of 1,875.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. Diageo has a 12 month low of GBX 2,165.60 ($26.44) and a 12 month high of GBX 3,056 ($37.31). The business’s 50-day moving average price is GBX 2,445.11 and its 200-day moving average price is GBX 2,489.91.

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.