Diageo's (DGE) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

Key Points

• Diageo's stock maintains a "neutral" rating according to a report by JPMorgan Chase & Co., while other analysts have varied from "buy" to "hold" ratings with differing price targets.
• Currently, Diageo's trading value is around GBX 2,013 ($26.89), with an average rating of "Moderate Buy" and a consensus price target of GBX 2,458.67 ($32.84).
• Insider John Alexander Manzoni purchased 335 shares for an average price of GBX 1,955 ($26.12), indicating confidence among insiders, as nearly 1,000 shares have been bought in the last 90 days.

Diageo (LON:DGE - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at JPMorgan Chase & Co. in a report released on Thursday, MarketBeat.com reports.

Several other analysts also recently issued reports on DGE. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,500 ($33.40) price target on shares of Diageo in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Diageo from GBX 2,010 ($26.85) to GBX 2,060 ($27.52) and gave the stock a "hold" rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 2,400 ($32.06) price target on shares of Diageo in a research report on Wednesday, July 16th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,372 ($31.69) target price on shares of Diageo in a research report on Tuesday. Finally, Citigroup reaffirmed a "buy" rating on shares of Diageo in a report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,458.67 ($32.84).

Diageo Trading Up 1.5%

Shares of DGE opened at GBX 2,013 ($26.89) on Thursday. The firm's 50-day moving average is GBX 1,919.40 and its two-hundred day moving average is GBX 2,068.40. The firm has a market capitalization of £44.69 billion, a P/E ratio of 11.28, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a twelve month low of GBX 1,797 ($24.00) and a twelve month high of GBX 2,677 ($35.76).

Insider Buying and Selling

In related news, insider John Alexander Manzoni bought 335 shares of the stock in a transaction on Wednesday, July 9th. The shares were purchased at an average price of GBX 1,955 ($26.12) per share, with a total value of £6,549.25 ($8,748.66). In the last ninety days, insiders have bought 981 shares of company stock valued at $1,999,510. 0.11% of the stock is currently owned by corporate insiders.

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.

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