Diageo (LON:DGE) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies raised Diageo’s price target to GBX 2,200 from GBX 2,000 and maintained a “buy” rating, implying 21.45% upside from the current price.
• Analyst sentiment is broadly positive: Diageo has a “Moderate Buy” consensus rating and an average target price of GBX 2,029, based on four Buy and three Hold ratings.
• Diageo shares opened at GBX 1,811.50, while company insiders bought 4,171 shares worth approximately $6.34 million over the past 90 days.

Diageo (LON:DGE - Get Free Report) had its target price raised by equities researchers at Jefferies Financial Group from GBX 2,000 to GBX 2,200 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 21.45% from the stock's current price.

Several other equities analysts have also commented on the company. UBS Group reaffirmed a "neutral" rating and issued a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. Berenberg Bank restated a "buy" rating and issued a GBX 2,223 price objective on shares of Diageo in a report on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,700 price target on shares of Diageo in a research report on Friday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Diageo presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,029.

Diageo Trading Up 1.2%

Shares of Diageo stock opened at GBX 1,811.50 on Monday. The firm has a market capitalization of £40.28 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 2,142. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The stock has a 50 day moving average of GBX 1,553.50 and a 200 day moving average of GBX 1,559.39.

Insider Buying and Selling at Diageo

In other news, insider John Rishton acquired 3,274 shares of the company's stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 441 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average cost of GBX 1,488 per share, with a total value of £6,562.08. Over the last 90 days, insiders have bought 4,171 shares of company stock valued at $6,340,804. Company insiders own 0.17% of the company's stock.

About Diageo

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. With such diversity, we're able to truly represent our broad consumer base and think differently about the future. To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.

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