JPMorgan Chase & Co. Reiterates Neutral Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Tuesday,London Stock Exchange reports. They presently have a GBX 2,500 ($31.28) price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 0.75% from the company’s current price.

A number of other research firms have also weighed in on DGE. UBS Group raised shares of Diageo to a “buy” rating and boosted their target price for the stock from GBX 2,300 ($28.78) to GBX 2,920 ($36.53) in a report on Thursday, December 12th. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.03) price objective on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Diageo has an average rating of “Hold” and an average target price of GBX 2,876.67 ($35.99).

Diageo Price Performance

DGE stock traded up GBX 15.50 ($0.19) during midday trading on Tuesday, reaching GBX 2,519 ($31.52). 12,951,709 shares of the stock were exchanged, compared to its average volume of 6,006,333. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The company has a market cap of £55.92 billion, a PE ratio of 1,908.33, a PEG ratio of 1.75 and a beta of 0.36. Diageo has a 52 week low of GBX 2,165.60 ($27.09) and a 52 week high of GBX 3,056 ($38.23). The firm has a fifty day moving average of GBX 2,450.22.

Insider Buying and Selling

In other news, insider Javier Ferrán bought 339 shares of the stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of GBX 2,446 ($30.60) per share, with a total value of £8,291.94 ($10,374.00). Insiders acquired 1,015 shares of company stock valued at $2,476,438 over the last 90 days. Company insiders own 0.11% of the company’s stock.

Diageo Company Profile

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.