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

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 1,900 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 29.31% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,081.25.

Diageo Stock Performance

Shares of LON:DGE opened at GBX 1,469.29 on Wednesday. The firm has a market cap of £32.67 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The firm’s 50 day simple moving average is GBX 1,554.55 and its 200-day simple moving average is GBX 1,658.18. Diageo has a one year low of GBX 1,350 and a one year high of GBX 2,215. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni acquired 446 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider Nik Jhangiani sold 27,786 shares of the 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 transaction of £416,790. Over the last quarter, insiders have bought 1,262 shares of company stock worth $1,999,723. Insiders own 0.16% of the company’s stock.

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.