Jefferies Financial Group Lowers Diageo (LON:DGE) Price Target to GBX 2,400

Key Points

• Jefferies Financial Group has lowered its price target for Diageo from GBX 2,500 to GBX 2,400 while maintaining a "buy" rating, which suggests a potential upside of 23.52% from the current stock price.
• The average rating for Diageo among analysts is currently a "Moderate Buy" with an average target price of GBX 2,378.86.
• Despite the price target downgrade, several analysts, including Goldman Sachs and Berenberg Bank, have expressed supportive ratings of "neutral" or "buy," indicating a mixed outlook from the research community.

Diageo (LON:DGE - Get Free Report) had its target price dropped by stock analysts at Jefferies Financial Group from GBX 2,500 to GBX 2,400 in a report released on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 23.52% from the stock's current price.

A number of other equities research analysts have also commented on DGE. The Goldman Sachs Group raised Diageo to a "neutral" rating and set a GBX 2,000 price target on the stock in a research report on Thursday, August 7th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 price objective on shares of Diageo in a research report on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Diageo in a research report on Monday, August 4th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Diageo in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 2,400 price objective on shares of Diageo in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 2,378.86.

Diageo Trading Down 0.8%

LON DGE opened at GBX 1,943 on Monday. The firm has a market cap of £43.24 billion, a P/E ratio of 1,838.22, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The stock's 50-day moving average is GBX 1,977.75 and its 200-day moving average is GBX 2,025.97. Diageo has a one year low of GBX 1,797 and a one year high of GBX 2,677.

Insider Activity

In other news, insider John Alexander Manzoni bought 321 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of GBX 2,046 per share, for a total transaction of £6,567.66. Insiders bought a total of 671 shares of company stock valued at $1,341,621 over the last 90 days. 0.16% of the stock is currently owned by 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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