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

Jefferies Financial Group restated their buy rating on shares of Diageo (LON:DGE) in a research report report published on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 2,200 price target on the stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Berenberg Bank restated a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,033.86.

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,765.22 on Wednesday. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 1,903.90. The company has a market capitalization of £39.27 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.75 and a beta of 0.31. The firm’s 50 day simple moving average is GBX 1,669.34 and its two-hundred day simple moving average is GBX 1,576.13.

Insider Buying and Selling at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 414 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of GBX 1,585 per share, with a total value of £6,561.90. Insiders bought a total of 1,203 shares of company stock valued at $2,000,783 over the last three months. Corporate insiders own 0.16% of the company’s stock.

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.