Diageo (LON:DGE) Earns “Buy” Rating from Jefferies Financial Group

Diageo (LON:DGE)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 1,900 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 21.62% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Diageo has an average rating of “Moderate Buy” and an average target price of GBX 2,000.

Diageo Stock Performance

Diageo stock opened at GBX 1,562.20 on Wednesday. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a fifty day moving average price of GBX 1,483.22 and a two-hundred day moving average price of GBX 1,633.09. Diageo has a 52-week low of GBX 1,350 and a 52-week high of GBX 2,215. The firm has a market capitalization of £34.74 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.75 and a beta of 0.30.

Insider Activity at Diageo

In other Diageo news, insider Nik Jhangiani sold 19,871 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £298,065. Also, insider John Alexander Manzoni bought 446 shares of the stock in a transaction on Friday, April 10th. The shares were acquired at an average cost of GBX 1,471 per share, with a total value of £6,560.66. In the last quarter, insiders have bought 1,262 shares of company stock valued at $1,999,723. 0.16% of the stock is owned by corporate insiders.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.