Diageo (LON:DGE) Earns Neutral Rating from JPMorgan Chase & Co.

Diageo (LON:DGE)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Marketbeat reports.

A number of other analysts have also recently commented on DGE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,500 ($33.62) price objective on shares of Diageo in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 2,372 ($31.90) price target on shares of Diageo in a research note on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,400 ($32.28) price target on shares of Diageo in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price target on Diageo from GBX 2,010 ($27.03) to GBX 2,060 ($27.71) and gave the stock a “hold” rating in a research note on Tuesday. Finally, Citigroup reissued a “buy” rating on shares of Diageo in a research note on Monday, August 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,393.14 ($32.19).

Diageo Trading Down 0.2%

Diageo stock opened at GBX 2,021 ($27.18) on Thursday. The stock has a market cap of £44.86 billion, a PE ratio of 11.32, a P/E/G ratio of 1.75 and a beta of 0.36. The stock has a 50-day moving average price of GBX 1,918.79 and a 200 day moving average price of GBX 2,062.15. Diageo has a 52 week low of GBX 1,797 ($24.17) and a 52 week high of GBX 2,677 ($36.01). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni acquired 335 shares of Diageo stock in a transaction dated Wednesday, July 9th. The shares were acquired at an average cost of GBX 1,955 ($26.29) per share, with a total value of £6,549.25 ($8,808.68). Over the last quarter, insiders bought 981 shares of company stock valued at $1,999,510. Insiders own 0.11% of the company’s stock.

Diageo Company Profile

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.