Jefferies Financial Group Reiterates “Buy” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a £222.30 price target on the stock.

A number of other equities analysts also recently commented on the company. UBS Group reissued a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,759 price objective on shares of Diageo in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Diageo currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,554.88.

Diageo Stock Up 0.5%

DGE traded up GBX 8.50 during trading hours on Friday, hitting GBX 1,570.50. 29,521,420 shares of the company’s stock were exchanged, compared to its average volume of 28,478,613. The firm has a market cap of £34.92 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. Diageo has a 12-month low of GBX 1,350 and a 12-month high of GBX 2,142. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The firm has a 50 day moving average of GBX 1,518.58 and a 200 day moving average of GBX 1,570.93.

Insider Buying and Selling at Diageo

In other Diageo news, insider John Rishton acquired 3,274 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 441 shares of the stock in a transaction on Wednesday, June 10th. The shares were acquired at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. In the last quarter, insiders purchased 4,606 shares of company stock valued at $6,998,557. 0.16% of the stock is 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.