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

Key Points

• Jefferies reaffirmed a "Buy" on Diageo with a GBX 1,900 price target, implying roughly a 26.7% upside from the stock's recent ~GBX 1,500 level.
• Analyst consensus is a Moderate Buy (six Buy, two Hold), with an average target of GBX 2,081.25, signaling broader broker optimism above current prices.
• Diageo has a market cap of £33.35 billion and a P/E of 13.86; insiders have made small net purchases recently but still own only about 0.16% of the stock.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 1,900 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 26.67% from the company's current price.

DGE has been the subject of several other reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, March 4th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,650 price objective on shares of Diageo in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 2,081.25.

Diageo Stock Up 0.7%

Shares of LON:DGE opened at GBX 1,499.98 on Wednesday. The business's 50 day simple moving average is GBX 1,564.60 and its two-hundred day simple moving average is GBX 1,660.68. The firm has a market cap of £33.35 billion, a P/E ratio of 13.86, a PEG ratio of 1.75 and a beta of 0.30. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. Diageo has a 52-week low of GBX 1,350 and a 52-week high of GBX 2,215.

Insider Buying and Selling

In other news, insider John Alexander Manzoni bought 446 shares of the firm's stock in a transaction on Friday, April 10th. The stock was acquired at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Also, insider Nik Jhangiani sold 19,871 shares of the business's stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £298,065. Insiders have purchased 1,262 shares of company stock valued at $1,999,723 over the last ninety days. 0.16% of the stock is currently owned by company 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. 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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