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

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Wednesday, October 14th, Digital Look reports. They presently have a GBX 2,200 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 26.04% from the company’s current price.

DGE has been the subject of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a 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 restated a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,959.50.

Diageo Stock Down 0.5%

Shares of DGE traded down GBX 9.57 during mid-day trading on Wednesday, hitting GBX 1,745.42. 3,169,931 shares of the company’s stock were exchanged, compared to its average volume of 18,874,604. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. The company has a market cap of £38.83 billion, a PE ratio of 22.41, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a 50-day simple moving average of GBX 1,668.83 and a 200 day simple moving average of GBX 1,582.43.

Insider Transactions at Diageo

In other news, insider John Alexander Manzoni purchased 414 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of GBX 1,585 per share, with a total value of £6,561.90. In the last ninety days, insiders have purchased 1,203 shares of company stock worth $2,000,783. 0.16% of the stock is owned by corporate 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.