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 reports. The brokerage currently has GBX 2,800 ($35.68) price target on the stock.

DGE has been the subject of several other research reports. Royal Bank of Canada upgraded Diageo to a “sector perform” rating and lifted their price target for the company from GBX 2,100 ($26.76) to GBX 2,400 ($30.58) in a report on Monday, August 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 3,200 ($40.78) target price on shares of Diageo in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,008 ($38.33).

Diageo Stock Down 0.2 %

Shares of LON:DGE opened at GBX 2,422.50 ($30.87) on Friday. The stock 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. The firm has a fifty day simple moving average of GBX 2,481.01. Diageo has a 52 week low of GBX 2,165.60 ($27.60) and a 52 week high of GBX 3,056 ($38.94). The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53.

Insiders Place Their Bets

In other Diageo news, insider Javier Ferrán acquired 324 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of GBX 2,531 ($32.25) per share, for a total transaction of £8,200.44 ($10,450.41). Insiders bought 1,015 shares of company stock worth $2,475,760 over the last three months. 0.11% of the stock is owned by insiders.

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.