Jefferies Financial Group Reaffirms Buy Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Monday,Digital Look reports. They presently have a GBX 2,000 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 33.02% from the stock’s current price.

Several other research firms have also recently commented on DGE. UBS Group reiterated a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,012.50.

Diageo Stock Performance

Diageo stock opened at GBX 1,503.50 on Monday. The stock has a market cap of £33.43 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The stock has a 50 day moving average of GBX 1,488.89 and a 200-day moving average of GBX 1,591.59. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,142.

Insider Buying and Selling at Diageo

In other news, insider John Rishton acquired 3,274 shares of Diageo stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni acquired 446 shares of Diageo stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of GBX 1,471 per share, for a total transaction of £6,560.66. Insiders have purchased 4,597 shares of company stock worth $6,998,475 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

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.