Diageo plc (DGE) Given Consensus Recommendation of “Buy” by Brokerages

Diageo plc (LON:DGE) has been given a consensus rating of “Buy” by the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have given 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 2,896.25 ($37.84).

DGE has been the topic of several research analyst reports. Goldman Sachs Group set a GBX 3,150 ($41.16) price objective on shares of Diageo and gave the stock a “buy” rating in a research report on Monday, October 8th. Shore Capital reiterated a “buy” rating on shares of Diageo in a research report on Monday, November 12th. Kepler Capital Markets reiterated a “buy” rating on shares of Diageo in a research report on Tuesday. Credit Suisse Group set a GBX 3,200 ($41.81) price target on shares of Diageo and gave the company a “buy” rating in a report on Monday, October 8th. Finally, UBS Group restated a “buy” rating on shares of Diageo in a report on Friday, September 14th.

LON DGE traded down GBX 58.50 ($0.76) on Thursday, hitting GBX 2,753.50 ($35.98). 2,850,477 shares of the stock were exchanged, compared to its average volume of 4,520,000. Diageo has a 52-week low of GBX 2,186.50 ($28.57) and a 52-week high of GBX 2,735.50 ($35.74).

In related news, insider Kathryn Mikells sold 20,670 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of GBX 2,735 ($35.74), for a total value of £565,324.50 ($738,696.59). Also, insider Javier Ferrán acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The stock was acquired at an average price of GBX 2,525 ($32.99) per share, with a total value of £757,500 ($989,807.92). Over the last 90 days, insiders have bought 30,017 shares of company stock worth $75,795,655.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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