Diageo (LON:DGE) Upgraded at UBS Group

UBS Group upgraded shares of Diageo (LON:DGE) to a buy rating in a research note published on Thursday morning, Marketbeat Ratings reports. UBS Group currently has GBX 2,920 ($36.85) price objective on the stock, up from their prior price objective of GBX 2,300 ($29.03).

A number of other equities analysts also recently weighed in on DGE. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($40.39) price target on shares of Diageo in a report on Thursday, August 22nd. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.34) price objective for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus price target of GBX 2,993.33 ($37.78).

Diageo Stock Up 2.3 %

DGE opened at GBX 2,618.50 ($33.05) on Thursday. Diageo has a fifty-two week low of GBX 2,165.60 ($27.33) and a fifty-two week high of GBX 3,056 ($38.57). The firm has a market capitalization of £58.13 billion, a P/E ratio of 1,983.71, a PEG ratio of 1.75 and a beta of 0.36. The company’s 50-day moving average is GBX 2,474.16 and its 200 day moving average is GBX 2,508.15. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán bought 352 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of GBX 2,350 ($29.66) per share, for a total transaction of £8,272 ($10,440.49). Over the last 90 days, insiders bought 1,015 shares of company stock valued at $2,476,438. Corporate 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.