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

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 2,200 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 26.47% from the stock’s current price.

Several other research firms also recently weighed in on DGE. Berenberg Bank reissued a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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, 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,033.86.

Diageo Price Performance

Shares of Diageo stock traded up GBX 27 on Wednesday, reaching GBX 1,739.50. 4,219,321 shares of the stock were exchanged, compared to its average volume of 19,236,932. The firm’s 50 day moving average is GBX 1,669.23 and its 200-day moving average is GBX 1,572.26. The firm has a market cap of £38.70 billion, a PE ratio of 22.33, a P/E/G ratio of 1.75 and a beta of 0.31. Diageo has a one year low of GBX 1,295.50 and a one year 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.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 414 shares of the business’s stock in a transaction on 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. Over the last quarter, insiders have bought 1,203 shares of company stock valued at $2,000,783. 0.16% of the stock is currently owned by company insiders.

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.