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

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

A number of other equities research analysts have also weighed in on DGE. Jefferies Financial Group reduced their target price on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a report on Thursday, January 15th. Royal Bank Of Canada upgraded shares of Diageo to an “outperform” rating and set a GBX 2,000 price target on the stock in a report on Tuesday, January 6th. Citigroup decreased their price objective on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a report on Monday, October 20th. Berenberg Bank decreased their price target 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. Finally, UBS Group restated a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a research report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Diageo Trading Up 0.7%

DGE opened at GBX 1,683.50 on Thursday. The company has a market cap of £37.43 billion, a P/E ratio of 15.93, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The company’s 50 day moving average is GBX 1,670.86 and its 200-day moving average is GBX 1,814.56. Diageo has a 1-year low of GBX 1,564 and a 1-year high of GBX 2,565.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni acquired 397 shares of the company’s stock in a transaction on Monday, January 12th. The shares were acquired at an average cost of GBX 1,649 per share, for a total transaction of £6,546.53. Insiders purchased 1,188 shares of company stock valued at $2,011,478 over the last three months. Corporate 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.