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

JPMorgan Chase & Co. reissued their neutral rating on shares of Diageo (LON:DGE) in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 2,500 ($30.76) target price on the stock.

Several other analysts have also weighed in on DGE. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($34.45) price objective on the stock in a report on Friday, December 6th. UBS Group upgraded shares of Diageo to a “buy” rating and lifted their price target for the stock from GBX 2,300 ($28.30) to GBX 2,920 ($35.93) in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 2,876.67 ($35.40).

Diageo Stock Up 1.1 %

Shares of DGE opened at GBX 2,555 ($31.44) on Tuesday. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The company has a 50-day simple moving average of GBX 2,446.90 and a 200-day simple moving average of GBX 2,490.62. Diageo has a 52 week low of GBX 2,165.60 ($26.65) and a 52 week high of GBX 3,056 ($37.60). The firm has a market capitalization of £56.72 billion, a P/E ratio of 1,935.61, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other news, insider Javier Ferrán purchased 339 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of GBX 2,446 ($30.10) per share, with a total value of £8,291.94 ($10,202.95). 0.11% of the stock is owned by insiders.

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.