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

Diageo (LON:DGE)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday, MarketBeat.com reports. They currently have a GBX 2,500 ($30.90) price objective on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 1.03% from the company’s previous close.

A number of other equities analysts have also weighed in on DGE. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.61) target price for the company in a research report on Friday, December 6th. UBS Group raised shares of Diageo to a “buy” rating and increased their price target for the stock from GBX 2,300 ($28.43) to GBX 2,920 ($36.09) in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of GBX 2,876.67 ($35.56).

Diageo Stock Performance

Shares of LON DGE opened at GBX 2,526 ($31.22) on Tuesday. 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 company has a market cap of £56.08 billion, a PE ratio of 1,913.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a 50-day simple moving average of GBX 2,447.23. Diageo has a fifty-two week low of GBX 2,165.60 ($26.77) and a fifty-two week high of GBX 3,056 ($37.78).

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 352 shares of the stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of GBX 2,350 ($29.05) per share, with a total value of £8,272 ($10,224.97). Insiders own 0.11% of the company’s stock.

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.