Diageo (LON:DGE - Get Free Report) had its price target lowered by Jefferies Financial Group from GBX 2,500 to GBX 2,400 in a report issued on Monday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 27.72% from the stock's previous close.
Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Diageo from GBX 2,010 to GBX 2,060 and gave the stock a "hold" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upgraded Diageo to a "neutral" rating and set a GBX 2,000 price target on the stock in a research note on Thursday, August 7th. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,372 price target on shares of Diageo in a research note on Tuesday, August 5th. Citigroup reiterated a "buy" rating on shares of Diageo in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 2,378.86.
Check Out Our Latest Stock Report on DGE
Diageo Stock Down 1.4%
Shares of DGE traded down GBX 26.83 during midday trading on Monday, reaching GBX 1,879.17. 3,964,061 shares of the company were exchanged, compared to its average volume of 4,317,109. 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 1-year low of GBX 1,797 and a 1-year high of GBX 2,677. The stock has a 50-day moving average price of GBX 1,977.72 and a 200-day moving average price of GBX 2,019.46. The company has a market cap of £41.82 billion, a price-to-earnings ratio of 1,777.83, a P/E/G ratio of 1.75 and a beta of 0.36.
Insider Activity at Diageo
In related news, insider John Alexander Manzoni bought 340 shares of the stock in a transaction dated Wednesday, September 10th. The stock was bought at an average cost of GBX 1,927 per share, with a total value of £6,551.80. Insiders purchased 1,019 shares of company stock worth $2,012,305 over the last three months. 0.16% of the stock is currently owned by corporate insiders.
Diageo Company Profile
(
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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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