Diageo (LON:DGE – Get Free Report)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 2,900 ($36.10) price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 2.24% from the company’s current price.
Other research analysts have also issued reports about the company. Barclays cut their price target on Diageo from GBX 3,730 ($46.43) to GBX 3,550 ($44.19) and set an “overweight” rating for the company in a report on Wednesday, January 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,040 ($37.84).
View Our Latest Analysis on DGE
Diageo Trading Up 0.5 %
Insider Buying and Selling at Diageo
In other news, insider Karen Blackett bought 702 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average price of GBX 2,826 ($35.18) per share, for a total transaction of £19,838.52 ($24,696.28). In related news, insider Javier Ferrán acquired 290 shares of the stock in a transaction on Monday, March 11th. The stock was purchased at an average price of GBX 2,853 ($35.52) per share, for a total transaction of £8,273.70 ($10,299.64). Also, insider Karen Blackett purchased 702 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average cost of GBX 2,826 ($35.18) per share, with a total value of £19,838.52 ($24,696.28). Over the last three months, insiders purchased 1,002 shares of company stock valued at $2,839,892. 0.13% of the stock is currently owned by company insiders.
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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