Diageo plc (DEO) Receives Average Rating of “Buy” from Analysts

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Diageo plc (NYSE:DEO) has been given an average recommendation of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $160.50.

Several research analysts have issued reports on DEO shares. Macquarie reaffirmed a “buy” rating on shares of Diageo in a report on Sunday. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th.

NYSE DEO traded up $0.98 during trading hours on Wednesday, reaching $141.73. 109,663 shares of the company’s stock were exchanged, compared to its average volume of 366,649. The firm has a market cap of $87.62 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. Diageo has a one year low of $131.22 and a one year high of $151.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 0.58.

A number of institutional investors have recently modified their holdings of DEO. Stony Point Wealth Management Inc. increased its holdings in Diageo by 4.9% during the 3rd quarter. Stony Point Wealth Management Inc. now owns 7,810 shares of the company’s stock worth $1,106,000 after purchasing an additional 365 shares in the last quarter. M Holdings Securities Inc. increased its holdings in Diageo by 13.9% during the 2nd quarter. M Holdings Securities Inc. now owns 3,008 shares of the company’s stock worth $433,000 after purchasing an additional 368 shares in the last quarter. Ironwood Investment Counsel LLC increased its holdings in Diageo by 1.5% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 26,360 shares of the company’s stock worth $3,734,000 after purchasing an additional 379 shares in the last quarter. Brown Advisory Securities LLC increased its holdings in Diageo by 5.6% during the 3rd quarter. Brown Advisory Securities LLC now owns 7,206 shares of the company’s stock worth $1,021,000 after purchasing an additional 385 shares in the last quarter. Finally, Hansberger Growth Investors LP increased its holdings in Diageo by 2.3% during the 2nd quarter. Hansberger Growth Investors LP now owns 17,401 shares of the company’s stock worth $2,506,000 after purchasing an additional 391 shares in the last quarter. 11.12% of the stock is currently owned by institutional investors and hedge funds.

Diageo Company Profile

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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