Diageo (LON:DGE) Receives “Neutral” Rating from UBS Group

Diageo (LON:DGE)‘s stock had its “neutral” rating restated by research analysts at UBS Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,600 price target on the stock. UBS Group’s price target would suggest a potential upside of 9.95% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,900 price objective on shares of Diageo in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a research note on Wednesday, April 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,000.

Diageo Price Performance

Diageo stock opened at GBX 1,455.20 on Tuesday. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,215. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The firm’s 50-day simple moving average is GBX 1,490.94 and its 200 day simple moving average is GBX 1,635.27. The firm has a market capitalization of £32.36 billion, a PE ratio of 13.45, a P/E/G ratio of 1.75 and a beta of 0.30.

Insider Buying and Selling at Diageo

In related news, insider Nik Jhangiani sold 27,786 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total value of £416,790. Also, insider John Alexander Manzoni bought 446 shares of Diageo stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average price of GBX 1,471 per share, for a total transaction of £6,560.66. Insiders purchased 1,262 shares of company stock valued at $1,999,723 over the last quarter. 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.