Diageo (LON:DGE) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Diageo (LON:DGE) in a report published on Thursday, MarketBeat.com reports.

Other analysts have also recently issued reports about the company. UBS Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a research report on Friday, October 31st. Berenberg Bank reduced their price objective on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group decreased their price objective on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. Finally, Royal Bank Of Canada upgraded shares of Diageo to an “outperform” rating and set a GBX 2,000 price target for the company in a research report on Tuesday, January 6th. 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, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,111.25.

Diageo Stock Performance

LON DGE opened at GBX 1,692 on Thursday. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. Diageo has a 1 year low of GBX 1,564 and a 1 year high of GBX 2,565. The company has a market capitalization of £37.62 billion, a PE ratio of 16.01, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a fifty day moving average of GBX 1,668.34 and a two-hundred day moving average of GBX 1,813.71.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 410 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of GBX 1,600 per share, for a total transaction of £6,560. In the last 90 days, insiders have acquired 1,188 shares of company stock valued at $2,011,478. Company insiders own 0.16% 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. 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.