Jefferies Financial Group Reaffirms Buy Rating for Diageo (LON:DGE)

Key Points

• Jefferies Financial Group has reiterated a "buy" rating for Diageo's stock with a price target of GBX 2,500 ($33.23), indicating a potential upside of 34.26%.
• Diageo's current stock analysis shows a consensus rating of "Moderate Buy" with an average target price of GBX 2,450.33 ($32.57).
• Recent insider activities include John Alexander Manzoni purchasing 335 shares at an average cost of GBX 1,955 ($25.98), adding to a total of 981 shares bought by insiders in the last ninety days.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 2,500 ($33.62) price target on the stock. Jefferies Financial Group's price objective indicates a potential upside of 23.46% from the stock's previous close.

Several other research firms also recently weighed in on DGE. Berenberg Bank reiterated a "buy" rating and set a GBX 2,372 ($31.90) price target on shares of Diageo in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating on shares of Diageo in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on Diageo from GBX 1,960 ($26.36) to GBX 2,010 ($27.03) and gave the company a "hold" rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,400 ($32.28) target price on shares of Diageo in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 2,458.67 ($33.06).

Diageo Stock Performance

LON DGE traded up GBX 41.49 ($0.56) during trading hours on Tuesday, reaching GBX 2,024.99 ($27.23). 7,592,971 shares of the company were exchanged, compared to its average volume of 4,397,887. The stock has a market capitalization of £44.95 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. Diageo has a 1 year low of GBX 1,797 ($24.17) and a 1 year high of GBX 2,677 ($36.00). The business's 50 day simple moving average is GBX 1,918.72 and its 200-day simple moving average is GBX 2,067.82.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni bought 335 shares of Diageo stock in a transaction that occurred on Wednesday, July 9th. The shares were acquired at an average price of GBX 1,955 ($26.29) per share, with a total value of £6,549.25 ($8,807.49). In the last 90 days, insiders have acquired 981 shares of company stock worth $1,999,510. Company insiders own 0.11% of the company's stock.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry. With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we're building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we're a truly global company.