Jefferies Financial Group Cuts Diageo (LON:DGE) Price Target to GBX 2,000

by · The Cerbat Gem

Diageo (LON:DGE – Free Report) had its target price reduced by Jefferies Financial Group from GBX 2,300 to GBX 2,000 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

DGE has been the subject of several other research reports. JPMorgan Chase & Co. reduced their target price on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Royal Bank Of Canada upgraded Diageo to an “outperform” rating and set a GBX 2,000 price objective for the company in a research note on Tuesday, January 6th. Citigroup lowered their target price on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft decreased their price target on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Diageo presently has an average rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Check Out Our Latest Stock Analysis on Diageo

Diageo Stock Performance

DGE opened at GBX 1,657.24 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a 12-month low of GBX 1,564 and a 12-month high of GBX 2,565. The firm has a 50 day moving average of GBX 1,682.55 and a two-hundred day moving average of GBX 1,820.29. The firm has a market capitalization of £36.85 billion, a PE ratio of 15.68, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni bought 397 shares of Diageo stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of GBX 1,649 per share, with a total value of £6,546.53. Insiders purchased 1,188 shares of company stock valued at $2,011,478 in the last three months. 0.16% of the stock is owned by insiders.

Diageo Company Profile

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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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