Diageo’s (DGE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Diageo (LON:DGE) in a report released on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 1,900 price objective on the stock.

Several other research analysts have also commented on DGE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Wednesday, March 4th. UBS Group reissued a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,000.

Diageo Trading Up 0.6%

Shares of LON:DGE opened at GBX 1,544 on Wednesday. The business’s 50 day moving average price is GBX 1,470.93 and its 200-day moving average price is GBX 1,629.39. The firm has a market capitalization of £34.33 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,215. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Activity

In other Diageo news, insider Nik Jhangiani sold 27,786 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £416,790. Also, insider John Alexander Manzoni purchased 446 shares of the company’s stock in a transaction on Friday, April 10th. The shares were purchased at an average price of GBX 1,471 per share, with a total value of £6,560.66. Insiders have purchased 1,262 shares of company stock worth $1,999,723 over the last quarter. 0.16% of the stock is currently owned by company 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.