Brokerages Set Diageo plc (NYSE:DEO) PT at $171.00

Diageo plc (NYSE:DEO) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $171.00.

A number of equities research analysts have commented on DEO shares. Sanford C. Bernstein upgraded Diageo from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 10th. Royal Bank of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating and set a $171.00 price target for the company in a research note on Monday, November 4th. Finally, Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a research note on Thursday, September 5th. They noted that the move was a valuation call.

A number of hedge funds have recently made changes to their positions in DEO. FMR LLC grew its holdings in Diageo by 586.2% in the first quarter. FMR LLC now owns 309,135 shares of the company’s stock valued at $50,578,000 after purchasing an additional 264,083 shares during the period. Schafer Cullen Capital Management Inc lifted its position in Diageo by 24.5% during the second quarter. Schafer Cullen Capital Management Inc now owns 1,175,258 shares of the company’s stock worth $200,099,000 after buying an additional 231,125 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Diageo by 530.9% during the second quarter. Canada Pension Plan Investment Board now owns 101,000 shares of the company’s stock worth $17,404,000 after buying an additional 84,990 shares in the last quarter. Bank of Montreal Can lifted its position in Diageo by 62.8% during the second quarter. Bank of Montreal Can now owns 163,576 shares of the company’s stock worth $28,187,000 after buying an additional 63,125 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Diageo by 29.1% during the third quarter. First Trust Advisors LP now owns 252,774 shares of the company’s stock worth $41,334,000 after buying an additional 57,040 shares in the last quarter. Institutional investors own 9.15% of the company’s stock.

DEO stock traded down $0.44 during trading on Wednesday, reaching $161.77. 318,762 shares of the company traded hands, compared to its average volume of 357,849. The business has a 50 day simple moving average of $161.30 and a 200 day simple moving average of $166.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. Diageo has a 12 month low of $137.24 and a 12 month high of $176.22. The company has a market capitalization of $105.19 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.84 and a beta of 0.44.

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 (NYSE:DEO)

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