Diageo (LON:DGE) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Diageo (LON:DGE - Free Report) to a buy rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have GBX 2,800 ($35.69) price target on the stock.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 3,200 ($40.79) price target on shares of Diageo in a report on Thursday, August 22nd. Royal Bank of Canada upgraded shares of Diageo to a "sector perform" rating and upped their target price for the stock from GBX 2,100 ($26.77) to GBX 2,400 ($30.59) in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of "Hold" and an average price target of GBX 3,008 ($38.34).

Diageo Stock Performance

Shares of LON DGE traded down GBX 6 ($0.08) during mid-day trading on Friday, hitting GBX 2,422.50 ($30.88). The company had a trading volume of 3,105,494 shares, compared to its average volume of 7,654,104. Diageo has a 12 month low of GBX 2,165.60 ($27.60) and a 12 month high of GBX 3,056 ($38.95). The stock has a market cap of £53.78 billion, a price-to-earnings ratio of 1,835.23, a PEG ratio of 1.75 and a beta of 0.36. 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 firm's 50 day simple moving average is GBX 2,481.01 and its two-hundred day simple moving average is GBX 2,516.96.

Insiders Place Their Bets

In other Diageo news, insider Javier Ferrán bought 352 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of GBX 2,350 ($29.95) per share, for a total transaction of £8,272 ($10,542.95). Insiders bought 1,015 shares of company stock worth $2,475,760 over the last ninety days. Company insiders own 0.11% of the company's stock.

Diageo Company Profile

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.