Diageo’s (DGE) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Diageo (LON:DGE) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 2,500 ($30.76) price target on the stock.

A number of other equities research analysts also recently weighed in on DGE. UBS Group raised Diageo to a “buy” rating and raised their price target for the stock from GBX 2,300 ($28.30) to GBX 2,920 ($35.93) in a research note on Thursday, December 12th. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($34.45) price objective on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,876.67 ($35.40).

Diageo Trading Up 1.1 %

LON DGE opened at GBX 2,555 ($31.44) on Tuesday. The company has a market capitalization of £56.72 billion, a PE ratio of 1,935.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 1-year low of GBX 2,165.60 ($26.65) and a 1-year high of GBX 3,056 ($37.60). The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The firm’s fifty day simple moving average is GBX 2,446.90 and its 200-day simple moving average is GBX 2,490.62.

Insider Activity

In other Diageo news, insider Javier Ferrán acquired 339 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 2,446 ($30.10) per share, for a total transaction of £8,291.94 ($10,202.95). 0.11% of the stock is currently owned by 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.