Diageo (LON:DGE) Given New GBX 2,200 Price Target at Jefferies Financial Group

Diageo (LON:DGE) had its price target raised by investment analysts at Jefferies Financial Group from GBX 2,000 to GBX 2,200 in a report released on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 21.45% from the company’s current price.

Several other equities analysts also recently commented on the stock. UBS Group restated a “neutral” rating and issued a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 target price on shares of Diageo in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 target price on shares of Diageo in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Diageo has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,029.

Diageo Price Performance

Diageo stock opened at GBX 1,811.50 on Monday. The firm has a market cap of £40.28 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 52-week low of GBX 1,295.50 and a 52-week 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. The company’s 50 day moving average is GBX 1,553.50 and its two-hundred day moving average is GBX 1,559.39.

Insider Buying and Selling

In other news, insider John Alexander Manzoni acquired 436 shares of Diageo stock in a transaction dated Friday, July 10th. The shares were acquired at an average cost of GBX 1,503 per share, for a total transaction of £6,553.08. Also, insider John Rishton acquired 3,274 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Over the last three months, insiders acquired 4,171 shares of company stock worth $6,340,804. Insiders own 0.17% 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.