Diageo (LON:DGE) Given New GBX 2,400 Price Target at Jefferies Financial Group

Diageo (LON:DGE) had its price target decreased by Jefferies Financial Group from GBX 2,500 to GBX 2,400 in a research note issued to investors on Monday, MarketBeat Ratings reports. Jefferies Financial Group currently has a buy rating on the stock.

DGE has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on Diageo from GBX 2,010 to GBX 2,060 and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Citigroup reissued a “buy” rating on shares of Diageo in a research note on Monday, August 4th. The Goldman Sachs Group raised Diageo to a “neutral” rating and set a GBX 2,000 target price for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research note on Thursday, August 7th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,372 price objective on shares of Diageo in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,378.86.

Diageo Price Performance

DGE stock opened at GBX 1,944 on Monday. The business has a fifty day moving average of GBX 1,977.75 and a two-hundred day moving average of GBX 2,025.97. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The stock has a market cap of £43.26 billion, a price-to-earnings ratio of 1,839.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 52-week low of GBX 1,797 and a 52-week high of GBX 2,677.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni bought 321 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of GBX 2,046 per share, for a total transaction of £6,567.66. Insiders acquired 671 shares of company stock valued at $1,341,621 over the last ninety days. 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.