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

Diageo (LON:DGE)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Friday,Digital Look reports. They presently have a £222.30 price target on the stock.

A number of other research analysts have also weighed in on DGE. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,759 price objective on shares of Diageo in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,554.88.

Diageo Price Performance

Shares of LON DGE traded up GBX 8.50 during midday trading on Friday, hitting GBX 1,570.50. The stock had a trading volume of 29,521,420 shares, compared to its average volume of 28,478,613. The company has a market capitalization of £34.92 billion, a PE ratio of 14.51, a P/E/G ratio of 1.75 and a beta of 0.30. The stock has a 50 day simple moving average of GBX 1,518.58 and a 200-day simple moving average of GBX 1,570.93. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,142. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59.

Insider Buying and Selling

In related news, insider John Alexander Manzoni acquired 441 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. Also, insider John Rishton bought 3,274 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, with a total value of £49,993.98. Insiders bought a total of 4,606 shares of company stock worth $6,998,557 over the last three months. 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.