Diageo (LON:DGE) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 2,200 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 26.76% from the stock’s current price.

DGE has been the subject of a number of other reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,033.86.

Diageo Stock Up 1.3%

Diageo stock opened at GBX 1,735.50 on Wednesday. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. The stock has a market cap of £38.61 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.75 and a beta of 0.31. The company’s 50-day moving average price is GBX 1,667.15 and its two-hundred day moving average price is GBX 1,569.83. 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 Buying and Selling at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 414 shares of Diageo stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of GBX 1,585 per share, for a total transaction of £6,561.90. In the last three months, insiders have bought 1,203 shares of company stock worth $2,000,783. Company 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.