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

Key Points

• Jefferies reiterated a "Buy" rating on Diageo and set a price objective of GBX 1,900, implying roughly a 21.62% upside from the recent close.
• Overall analyst sentiment is a Moderate Buy (five Buy, three Hold) with a consensus price target of GBX 2,000.
• Insider activity is mixed: one insider bought 446 shares at GBX 1,471 while another sold 27,786 shares at GBX 1,500, and insiders currently hold 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 objective on the stock. Jefferies Financial Group's price objective indicates a potential upside of 21.62% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a report on Thursday, January 22nd. UBS Group restated a "neutral" rating and set a GBX 1,600 target price on shares of Diageo in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,650 price target on shares of Diageo in a research report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,000.

Diageo Price Performance

LON DGE opened at GBX 1,562.20 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The company has a fifty day simple moving average of GBX 1,483.22 and a 200 day simple moving average of GBX 1,633.09. The company has a market cap of £34.74 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.75 and a beta of 0.30. Diageo has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,215.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni bought 446 shares of Diageo stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Also, insider Nik Jhangiani sold 27,786 shares of Diageo stock in a transaction on Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £416,790. Insiders purchased 1,262 shares of company stock valued at $1,999,723 over the last 90 days. 0.16% 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. 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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