Diageo (LON:DGE) Receives Neutral Rating from JPMorgan Chase & Co.

Diageo (LON:DGE)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat Ratings reports.

A number of other research analysts have also recently commented on DGE. Jefferies Financial Group lowered their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research note on Thursday, January 15th. Citigroup reduced their price objective on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research report on Monday, October 20th. Royal Bank Of Canada upgraded shares of Diageo to an “outperform” rating and set a GBX 2,000 target price on the stock in a research note on Tuesday, January 6th. UBS Group reiterated a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a research report on Friday, October 31st. Finally, Berenberg Bank lowered their price target on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Diageo Price Performance

DGE opened at GBX 1,683.50 on Thursday. The stock has a 50-day moving average price of GBX 1,670.86 and a 200-day moving average price of GBX 1,814.56. Diageo has a 12-month low of GBX 1,564 and a 12-month high of GBX 2,565. The stock has a market capitalization of £37.43 billion, a P/E ratio of 15.93, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 410 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of GBX 1,600 per share, for a total transaction of £6,560. Insiders have acquired 1,188 shares of company stock valued at $2,011,478 over the last 90 days. 0.16% of the stock is currently owned by insiders.

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.