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

Jefferies Financial Group reissued their buy rating on shares of Diageo (LON:DGE) in a research report report published on Wednesday,Digital Look reports. The firm currently has a GBX 2,200 target price on the stock.

Several other research analysts have also recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,734 price target on shares of Diageo in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Diageo currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,959.50.

Diageo Stock Up 3.0%

DGE stock opened at GBX 1,753 on Wednesday. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. The company has a market capitalization of £39.00 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The firm’s 50-day moving average is GBX 1,676.07 and its two-hundred day moving average is GBX 1,598.48. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni acquired 400 shares of Diageo stock in a transaction dated Monday, October 12th. The stock was bought at an average price of GBX 1,640 per share, for a total transaction of £6,560. Over the last three months, insiders have bought 1,203 shares of company stock valued at $2,000,783. 0.16% of the stock is currently owned by corporate insiders.

About Diageo

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.