Diageo (LON:DGE) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Diageo (LON:DGE) to a buy rating in a report published on Friday morning, Marketbeat Ratings reports. They currently have GBX 2,800 ($35.68) target price on the stock.

A number of other analysts also recently commented on the stock. Royal Bank of Canada raised shares of Diageo to a “sector perform” rating and boosted their price objective for the stock from GBX 2,100 ($26.76) to GBX 2,400 ($30.58) in a report on Monday, August 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,200 ($40.78) price target on shares of Diageo in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 3,008 ($38.33).

Diageo Stock Performance

Diageo stock opened at GBX 2,422.50 ($30.87) on Friday. The firm has a market capitalization of £53.78 billion, a P/E ratio of 1,835.23, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a one year low of GBX 2,165.60 ($27.60) and a one year high of GBX 3,056 ($38.94). The firm has a fifty day simple moving average of GBX 2,481.01. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26.

Insiders Place Their Bets

In related news, insider Javier Ferrán acquired 352 shares of Diageo stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of GBX 2,350 ($29.95) per share, for a total transaction of £8,272 ($10,541.61). Over the last quarter, insiders acquired 1,015 shares of company stock worth $2,475,760. 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.