Diageo (LON:DGE) Given “Neutral” Rating at JPMorgan Chase & Co.

Diageo (LON:DGE)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 2,500 ($31.28) price objective on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 0.75% from the company’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.03) price target on the stock in a research note on Friday, December 6th. UBS Group upgraded 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 report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Diageo currently has an average rating of “Hold” and an average price target of GBX 2,876.67 ($35.99).

Diageo Stock Up 0.6 %

LON:DGE traded up GBX 15.50 ($0.19) during mid-day trading on Tuesday, reaching GBX 2,519 ($31.52). 12,951,709 shares of the company were exchanged, compared to its average volume of 6,006,333. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The firm’s fifty day moving average is GBX 2,450.22. Diageo has a 12 month low of GBX 2,165.60 ($27.09) and a 12 month high of GBX 3,056 ($38.23). The stock has a market capitalization of £55.92 billion, a PE ratio of 1,908.33, a PEG ratio of 1.75 and a beta of 0.36.

Insider Activity

In related news, insider Javier Ferrán acquired 324 shares of the stock in a transaction on Thursday, October 10th. The shares were purchased at an average price of GBX 2,531 ($31.67) per share, for a total transaction of £8,200.44 ($10,259.53). Over the last 90 days, insiders acquired 1,015 shares of company stock valued at $2,476,438. 0.11% of the stock is owned by company insiders.

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.