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

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 2,200 target price on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 17.61% from the company’s previous close.

Several other equities research analysts have also recently issued reports on DGE. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,734 target price on shares of Diageo in a research note on Tuesday, October 27th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Monday, August 24th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,959.50.

Diageo Trading Up 3.1%

Shares of Diageo stock opened at GBX 1,870.59 on Thursday. The firm’s 50-day moving average price is GBX 1,678.12 and its 200 day moving average price is GBX 1,599.95. Diageo has a twelve month low of GBX 1,295.50 and a twelve month high of GBX 1,908. The firm has a market capitalization of £41.61 billion, a PE ratio of 24.01, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12.

Insider Activity

In other news, insider John Alexander Manzoni purchased 400 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was acquired at an average price of GBX 1,640 per share, for a total transaction of £6,560. In the last three months, insiders have purchased 1,203 shares of company stock worth $2,000,783. 0.16% of the stock is owned by company insiders.

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.