Diageo (LON:DGE) Stock Rating Upgraded by UBS Group

Diageo (LON:DGE) was upgraded by investment analysts at UBS Group to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a GBX 2,920 ($36.85) price target on the stock, up from their previous price target of GBX 2,300 ($29.03). UBS Group’s target price points to a potential upside of 11.51% from the company’s current price.

A number of other brokerages have also commented on DGE. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.34) price target for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,200 ($40.39) price target on shares of Diageo in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 2,993.33 ($37.78).

Diageo Stock Up 2.3 %

Shares of LON:DGE opened at GBX 2,618.50 ($33.05) on Thursday. Diageo has a 1 year low of GBX 2,165.60 ($27.33) and a 1 year high of GBX 3,056 ($38.57). The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The stock’s 50-day moving average is GBX 2,474.85 and its 200 day moving average is GBX 2,509.39. The company has a market cap of £58.13 billion, a PE ratio of 1,969.32, a P/E/G ratio of 1.75 and a beta of 0.36.

Insiders Place Their Bets

In related news, insider Javier Ferrán bought 324 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of GBX 2,531 ($31.94) per share, with a total value of £8,200.44 ($10,350.17). Over the last quarter, insiders have acquired 1,015 shares of company stock worth $2,476,438. 0.11% of the stock is currently owned by company insiders.

About Diageo

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.