JPMorgan Chase & Co. Reiterates Overweight Rating for Diageo (LON:DGE)

Diageo (LON:DGEGet Rating)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other analysts have also commented on DGE. Royal Bank of Canada reiterated an “underperform” rating and issued a GBX 2,800 ($34.98) price objective on shares of Diageo in a research report on Wednesday. Deutsche Bank Rese… set a GBX 3,900 ($48.72) price target on shares of Diageo in a research report on Wednesday, April 27th. Berenberg Bank restated a “hold” rating and issued a GBX 3,900 ($48.72) price objective on shares of Diageo in a report on Friday, January 21st. Barclays set a GBX 4,700 ($58.71) target price on shares of Diageo in a report on Friday, April 22nd. Finally, Credit Suisse Group set a GBX 4,700 ($58.71) price target on Diageo in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 4,140 ($51.72).

LON DGE opened at GBX 3,926 ($49.04) on Wednesday. The stock has a market capitalization of £90.59 billion and a P/E ratio of 30.20. Diageo has a 52 week low of GBX 3,167.50 ($39.57) and a 52 week high of GBX 4,110 ($51.34). The company has a debt-to-equity ratio of 152.58, a quick ratio of 0.69 and a current ratio of 1.52. The stock has a fifty day moving average of GBX 3,785.92 and a 200-day moving average of GBX 3,796.36.

In other Diageo news, insider Javier Ferrán acquired 237 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were acquired at an average price of GBX 3,490 ($43.60) per share, for a total transaction of £8,271.30 ($10,332.67). In the last ninety days, insiders have bought 662 shares of company stock worth $2,479,516.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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