Jefferies Financial Group Reaffirms Buy Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 2,000 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 33.02% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Wednesday, May 27th. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,600 price target on shares of Diageo in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Diageo currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,012.50.

Diageo Stock Up 0.5%

Shares of LON:DGE opened at GBX 1,503.50 on Monday. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,142. The stock has a market capitalization of £33.43 billion, a P/E ratio of 13.90, a PEG ratio of 1.75 and a beta of 0.30. The stock has a 50-day simple moving average of GBX 1,488.89 and a 200-day simple moving average of GBX 1,591.59.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 446 shares of the business’s stock in a transaction on Friday, April 10th. The shares were purchased at an average price of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider John Rishton acquired 3,274 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Insiders acquired a total of 4,597 shares of company stock worth $6,998,475 in the last quarter. 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.