Diageo (LON:DGE) Stock Rating Upgraded by UBS Group

Diageo (LON:DGE) was upgraded by equities researchers at UBS Group to a “buy” rating in a research note issued on Thursday, Marketbeat reports. The firm presently has a GBX 2,920 ($36.85) price target on the stock, up from their previous price target of GBX 2,300 ($29.03). UBS Group’s price target would indicate a potential upside of 11.51% from the company’s previous close.

Several other research analysts also recently commented on DGE. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($35.34) target price for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,200 ($40.39) price objective on shares of Diageo in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of GBX 2,993.33 ($37.78).

Diageo Trading Up 2.3 %

LON:DGE opened at GBX 2,618.50 ($33.05) on Thursday. Diageo has a 1 year low of GBX 2,165.60 ($27.33) and a 1 year high of GBX 3,056 ($38.57). The stock’s fifty day moving average price is GBX 2,474.85 and its two-hundred day moving average price is GBX 2,509.39. 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 company has a market cap of £58.13 billion, a P/E ratio of 1,969.32, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other news, insider Javier Ferrán bought 324 shares of Diageo stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 2,531 ($31.94) per share, with a total value of £8,200.44 ($10,350.17). Insiders have purchased 1,015 shares of company stock valued at $2,476,438 over the last three months. 0.11% of the stock is owned by corporate insiders.

About Diageo

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.