Diageo’s (DGE) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Diageo (LON:DGE – Get Rating) in a research note published on Wednesday morning, Marketbeat Ratings reports.

DGE has been the subject of a number of other reports. Credit Suisse Group set a GBX 4,700 ($57.94) target price on shares of Diageo in a research report on Monday, April 25th. Jefferies Financial Group set a GBX 4,400 ($54.24) target price on shares of Diageo in a research note on Tuesday, April 5th. Morgan Stanley reaffirmed an overweight rating on shares of Diageo in a research note on Wednesday, May 11th. Royal Bank of Canada reissued an underperform rating and issued a GBX 2,800 ($34.52) price objective on shares of Diageo in a research note on Wednesday, May 4th. Finally, Bank of America set a GBX 4,600 ($56.71) price objective on shares of Diageo in a research note on Friday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Diageo has an average rating of Hold and a consensus price target of GBX 4,108.82 ($50.65).

Shares of LON DGE opened at GBX 3,598 ($44.35) on Wednesday. The company has a debt-to-equity ratio of 152.58, a quick ratio of 0.69 and a current ratio of 1.52. The company’s fifty day moving average price is GBX 3,850.11 and its 200 day moving average price is GBX 3,811.20. The company has a market capitalization of £82.98 billion and a PE ratio of 27.68. Diageo has a 1 year low of GBX 3,282.50 ($40.46) and a 1 year high of GBX 4,110 ($50.67).

In other news, insider Javier Ferrán purchased 237 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were acquired at an average cost of GBX 3,490 ($43.02) per share, for a total transaction of £8,271.30 ($10,196.38). Over the last quarter, insiders have bought 664 shares of company stock worth $2,479,333.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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