Diageo plc (LON:DGE) Receives Consensus Recommendation of "Hold" from Brokerages

Diageo plc (LON:DGE - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 3,008 ($38.43).

DGE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued 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 objective for the company in a research report on Friday, December 6th.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán acquired 324 shares of the stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of GBX 2,531 ($32.34) per share, with a total value of £8,200.44 ($10,477.12). Over the last quarter, insiders bought 1,015 shares of company stock valued at $2,476,438. Company insiders own 0.11% of the company's stock.

Diageo Price Performance

LON DGE traded up GBX 29.04 ($0.37) on Wednesday, reaching GBX 2,474.54 ($31.62). The stock had a trading volume of 7,576,654 shares, compared to its average volume of 7,617,921. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The stock has a market capitalization of £54.93 billion, a P/E ratio of 1,871.21, a P/E/G ratio of 1.75 and a beta of 0.36. The stock's fifty day moving average is GBX 2,478.69. Diageo has a 1-year low of GBX 2,165.60 ($27.67) and a 1-year high of GBX 3,056 ($39.04).

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.