Diageo (LON:DGE) Receives “Underperform” Rating from Jefferies Financial Group

Diageo (LON:DGE)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on DGE. UBS Group reaffirmed a “buy” rating and issued a GBX 2,900 ($35.69) price target (down from GBX 3,480 ($42.83)) on shares of Diageo in a research note on Wednesday, March 25th. Credit Suisse Group downgraded Diageo to a “neutral” rating and reduced their target price for the company from GBX 3,450 ($42.46) to GBX 2,900 ($35.69) in a research note on Friday, June 12th. Liberum Capital reaffirmed a “buy” rating on shares of Diageo in a research note on Thursday, May 7th. Goldman Sachs Group reissued a “buy” rating on shares of Diageo in a research note on Wednesday. Finally, Oddo Securities upgraded Diageo to a “buy” rating and boosted their price objective for the company from GBX 2,480 ($30.52) to GBX 3,130 ($38.52) in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Diageo currently has a consensus rating of “Hold” and an average target price of GBX 2,928.82 ($36.04).

LON:DGE opened at GBX 2,681.50 ($33.00) on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 151.22. Diageo has a twelve month low of GBX 2,050.60 ($25.24) and a twelve month high of GBX 3,633.50 ($44.71). The company has a fifty day moving average of GBX 2,816.12 and a 200-day moving average of GBX 2,877.65. The firm has a market capitalization of $63.12 billion and a P/E ratio of 20.98.

In other news, insider Javier Ferrán acquired 295 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of GBX 2,806 ($34.53) per share, for a total transaction of £8,277.70 ($10,186.68). In the last quarter, insiders bought 306 shares of company stock valued at $857,748.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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