Diageo’s (DGE) “Buy” Rating Reaffirmed at Jefferies Financial Group

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

Several other equities research analysts also recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Diageo currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,033.86.

Diageo Stock Performance

DGE opened at GBX 1,735.50 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12. The firm has a market cap of £38.61 billion, a PE ratio of 22.28, a P/E/G ratio of 1.75 and a beta of 0.31. The business has a fifty day simple moving average of GBX 1,667.15 and a 200-day simple moving average of GBX 1,569.83. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,903.90.

Insider Activity

In other Diageo news, insider John Alexander Manzoni bought 400 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was acquired at an average price of GBX 1,640 per share, with a total value of £6,560. Insiders acquired a total of 1,203 shares of company stock valued at $2,000,783 in the last ninety days. 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.