Diageo (LON:DGE) Earns Neutral Rating from JPMorgan Chase & Co.

Diageo (LON:DGE)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research note issued on Tuesday, MarketBeat reports. They currently have a GBX 2,500 ($30.90) price objective on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 1.03% from the stock’s previous close.

DGE has been the subject of a number of other research reports. UBS Group raised shares of Diageo to a “buy” rating and increased their price target for the company from GBX 2,300 ($28.43) to GBX 2,920 ($36.09) in a report on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.61) price objective for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 2,876.67 ($35.56).

Diageo Stock Up 0.8 %

Shares of DGE stock opened at GBX 2,526 ($31.22) on Tuesday. The stock has a market cap of £56.08 billion, a PE ratio of 1,913.64, a P/E/G ratio of 1.75 and a beta of 0.36. The business has a fifty day moving average of GBX 2,447.23. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. Diageo has a 52 week low of GBX 2,165.60 ($26.77) and a 52 week high of GBX 3,056 ($37.78).

Insider Activity at Diageo

In other news, insider Javier Ferrán purchased 352 shares of the stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of GBX 2,350 ($29.05) per share, with a total value of £8,272 ($10,224.97). 0.11% of the stock is 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.