Brokerages Set Diageo plc (LON:DGE) Price Target at GBX 2,876.67

Diageo plc (LON:DGE - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,876.67 ($35.82).

Several equities research analysts have weighed in on DGE shares. Jefferies Financial Group raised Diageo to a "buy" rating and set a GBX 2,800 ($34.86) price objective on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($31.13) target price on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group upgraded Diageo to a "buy" rating and raised their price target for the stock from GBX 2,300 ($28.64) to GBX 2,920 ($36.35) in a research report on Thursday, December 12th.

Diageo Stock Performance

Shares of LON:DGE traded up GBX 1.50 ($0.02) on Thursday, reaching GBX 2,428 ($30.23). The company's stock had a trading volume of 3,465,097 shares, compared to its average volume of 3,589,002. The business has a 50-day moving average price of GBX 2,452.86. Diageo has a 52-week low of GBX 2,165.60 ($26.96) and a 52-week high of GBX 3,056 ($38.05). 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 company has a market cap of £53.90 billion, a P/E ratio of 1,839.39, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling

In other news, insider Javier Ferrán purchased 339 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average price of GBX 2,446 ($30.45) per share, with a total value of £8,291.94 ($10,323.63). Insiders have purchased 696 shares of company stock valued at $1,669,084 in the last 90 days. Company insiders own 0.11% of the company's stock.

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.