JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Other analysts have also recently issued research reports about the company. UBS Group reiterated a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a research report on Friday, October 31st. Royal Bank Of Canada raised shares of Diageo to an “outperform” rating and set a GBX 2,000 target price for the company in a report on Tuesday, January 6th. Jefferies Financial Group dropped their price target on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Berenberg Bank lowered their target price on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research report on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Diageo has an average rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

Diageo Trading Down 1.1%

Shares of DGE stock opened at GBX 1,676.50 on Thursday. The stock has a market capitalization of £37.28 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm’s 50 day moving average is GBX 1,665.94 and its 200 day moving average is GBX 1,812.15. Diageo has a 12-month low of GBX 1,421.50 and a 12-month high of GBX 2,565.

Insider Activity

In other Diageo news, insider John Alexander Manzoni bought 397 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average price of GBX 1,649 per share, for a total transaction of £6,546.53. Insiders bought a total of 1,188 shares of company stock worth $2,011,478 in the last three months. Company insiders own 0.16% of the company’s stock.

About Diageo

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.