Diageo (LON:DGE) Given “Buy” Rating at Jefferies Financial Group

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 2,200 target price on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 25.86% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,734 target price on shares of Diageo in a report on Tuesday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,959.50.

Diageo Stock Down 0.2%

LON DGE traded down GBX 3 during midday trading on Wednesday, hitting GBX 1,748. 26,063,957 shares of the company traded hands, 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’s 50-day simple moving average is GBX 1,674.27 and its 200-day simple moving average is GBX 1,597.06. The company has a market cap of £38.89 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni bought 414 shares of Diageo stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of GBX 1,585 per share, with a total value of £6,561.90. In the last quarter, insiders acquired 1,203 shares of company stock worth $2,000,783. 0.16% of the stock is owned by 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.