Diageo (LON:DGE) Earns "Neutral" Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Diageo (LON:DGE - Free Report) in a research note published on Tuesday morning, Marketbeat reports. They currently have a GBX 2,500 ($31.28) price target on the stock.

A number of other analysts have also recently weighed in on DGE. UBS Group raised shares of Diageo to a "buy" rating and upped their target price for the company from GBX 2,300 ($28.78) to GBX 2,920 ($36.53) in a research note on Thursday, December 12th. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($35.03) target price on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 2,876.67 ($35.99).

Diageo Stock Performance

Shares of LON:DGE traded up GBX 3 ($0.04) on Tuesday, hitting GBX 2,506.50 ($31.36). 2,727,595 shares of the company were exchanged, compared to its average volume of 3,450,305. The firm's 50 day moving average price is GBX 2,450.22. Diageo has a one year low of GBX 2,165.60 ($27.09) and a one year high of GBX 3,056 ($38.23). The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The stock has a market capitalization of £55.64 billion, a price-to-earnings ratio of 1,898.86, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other news, insider Javier Ferrán bought 352 shares of the stock in a transaction on Monday, November 11th. The stock was purchased at an average price of GBX 2,350 ($29.40) per share, with a total value of £8,272 ($10,349.06). Insiders have acquired 1,015 shares of company stock worth $2,476,438 over the last ninety days. Company insiders own 0.11% of the company's stock.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.