Diageo (DGE) Stock Forecast & Price Target

GBX 2,380

-15.50 (-0.65%)

(As of 12:14 PM ET)

Diageo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 6 Analyst Ratings

Sell
1

Hold
3

Buy
2

Based on 6 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DGE.

Consensus Price Target

GBX 3,008

According to the 6 analysts' twelve-month price targets for Diageo, the average price target is GBX 3,008. The highest price target for DGE is GBX 3,640, while the lowest price target for DGE is GBX 2,400. The average price target represents a forecasted upside of 26.39% from the current price of GBX 2,380.

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DGE Analyst Ratings Over Time

Type	Current Forecast 11/5/23 to 11/4/24	1 Month Ago 10/6/23 to 10/5/24	3 Months Ago 8/7/23 to 8/6/24	1 Year Ago 11/5/22 to 11/5/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 3,008	GBX 3,008	GBX 2,948	GBX 3,902
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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DGE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DGE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diageo Stock vs. The Competition

Type	Diageo	Consumer Defensive Companies
Consensus Rating Score	2.17	2.49
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive News See Recent DGE News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Reiterated Rating	Neutral	GBX 3,200	+28.21%
8/12/2024	Royal Bank of Canada 4 of 5 stars		Upgrade	Sector perform	GBX 2,100 ➝ GBX 2,400	-2.06%
7/29/2024	Citigroup 3 of 5 stars		Reiterated Rating	Buy	GBX 3,000	+17.49%
6/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold	GBX 2,800	+7.31%
5/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	GBX 3,550 ➝ GBX 3,640	+31.84%
4/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell
Get the Latest News and Ratings for DGE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Diageo and its competitors with MarketBeat's FREE daily newsletter.
4/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nik Oliver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 3,950	+9.48%
2/6/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Trevor Stirling Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,200	+17.58%
1/31/2023	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Buy	GBX 3,900	+12.51%
1/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sanjeet Aujla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,200	+22.63%
1/26/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Olivier Nicolai Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 4,700	+35.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:21 PM ET.

Should I Buy Diageo Stock? DGE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these Diageo pros and cons to contact@marketbeat.com.

Diageo
Bull Case

Here are some ways that investors could benefit from investing in Diageo plc:

Diageo's stock price has been trading up, showing positive momentum in the market.
Diageo recently increased its dividend, indicating strong financial performance and commitment to shareholders.
Insider buying activity, such as Javier Ferrán acquiring shares, can signal confidence in the company's future prospects.
Diageo operates in various countries globally, providing geographic diversification and exposure to different markets.
Analysts have issued buy ratings on Diageo, suggesting growth potential and positive outlook for the company.

Diageo
Bear Case

Investors should be bearish about investing in Diageo plc for these reasons:

Diageo's stock has a high debt-to-equity ratio of 186.26, which may pose risks in times of economic uncertainty.
The company's PE ratio of 2,025.19 is significantly higher than industry averages, potentially indicating overvaluation.
Market analysts have issued hold ratings on Diageo, suggesting limited short-term growth opportunities.
Diageo's quick ratio of 0.62 raises concerns about its ability to meet short-term financial obligations.
The company's beta of 0.36 indicates lower volatility compared to the market, potentially limiting potential returns for investors seeking higher risk-reward opportunities.

DGE Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Diageo is GBX 3,008, with a high forecast of GBX 3,640 and a low forecast of GBX 2,400.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last year. There is currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DGE, but not buy additional shares or sell existing shares.
: According to analysts, Diageo's stock has a predicted upside of 26.39% based on their 12-month stock forecasts.
: Over the previous 90 days, Diageo's stock had 1 upgrade by analysts.
: Diageo has been rated by research analysts at JPMorgan Chase & Co., and Royal Bank of Canada in the past 90 days.
: Analysts like Diageo less than other "consumer defensive" companies. The consensus rating score for Diageo is 2.17 while the average consensus rating score for "consumer defensive" companies is 2.49. Learn more on how DGE compares to other companies.

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This page (LON:DGE) was last updated on 11/4/2024 by MarketBeat.com Staff

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Diageo (DGE) Stock Forecast & Price Target