Jefferies Financial Group Reaffirms “Buy” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 2,200 price objective on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 25.86% from the company’s current price.

Several other research analysts have also recently weighed in on DGE. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,734 price target on shares of Diageo in a report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research report on Friday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,959.50.

Diageo Price Performance

Diageo stock traded down GBX 3 during midday trading on Wednesday, reaching GBX 1,748. 26,063,957 shares of the stock were exchanged, compared to its average volume of 18,606,941. 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 debt-to-equity ratio of 203.12, a quick ratio of 0.62 and a current ratio of 1.60. The firm has a market cap of £38.89 billion, a PE ratio of 22.44, a PEG ratio of 1.75 and a beta of 0.31. The company’s fifty day moving average is GBX 1,674.27 and its 200-day moving average is GBX 1,597.06.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 400 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were acquired at an average price of GBX 1,640 per share, with a total value of £6,560. In the last quarter, insiders have acquired 1,203 shares of company stock worth $2,000,783. 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. 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.