Diageo (LON:DGE) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Diageo (LON:DGE)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 2,200 price objective on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 17.61% from the company’s current price.

Several other brokerages have also recently issued reports on DGE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,734 price objective on shares of Diageo in a research note on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Three equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,959.50.

Diageo Trading Up 3.1%

Shares of LON DGE opened at GBX 1,870.59 on Thursday. The stock has a fifty day simple moving average of GBX 1,678.12 and a 200-day simple moving average of GBX 1,599.95. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. Diageo has a twelve month low of GBX 1,295.50 and a twelve month high of GBX 1,908. The stock has a market capitalization of £41.61 billion, a PE ratio of 24.01, a PEG ratio of 1.75 and a beta of 0.31.

Insider Activity

In other Diageo news, insider John Alexander Manzoni purchased 414 shares of Diageo stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of GBX 1,585 per share, for a total transaction of £6,561.90. Insiders have purchased 1,203 shares of company stock worth $2,000,783 in the last 90 days. Company 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.