Diageo (LON:DGE) Given Underperform Rating at Jefferies Financial Group

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Jefferies Financial Group reaffirmed their underperform rating on shares of Diageo (LON:DGE) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

DGE has been the subject of a number of other research reports. Goldman Sachs Group restated a buy rating on shares of Diageo in a research report on Wednesday. Liberum Capital restated a buy rating on shares of Diageo in a research report on Thursday, May 7th. Deutsche Bank cut their target price on Diageo from GBX 3,200 ($39.38) to GBX 2,850 ($35.07) and set a hold rating for the company in a research report on Thursday, April 2nd. Kepler Capital Markets cut Diageo to a hold rating and cut their target price for the stock from GBX 2,950 ($36.30) to GBX 2,900 ($35.69) in a research report on Tuesday, June 9th. Finally, Oddo Bhf reiterated a buy rating and set a GBX 3,130 ($38.52) target price on shares of Diageo in a research report on Monday, April 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 2,941.18 ($36.19).

DGE traded up GBX 15.50 ($0.19) during midday trading on Wednesday, reaching GBX 2,697 ($33.19). The company had a trading volume of 2,367,523 shares, compared to its average volume of 4,520,000. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 151.22. The business has a 50-day moving average of GBX 2,813.51 and a two-hundred day moving average of GBX 2,875.76. The company has a market cap of $62.68 billion and a P/E ratio of 21.10. Diageo has a 1 year low of GBX 2,050.60 ($25.24) and a 1 year high of GBX 3,633.50 ($44.71).

In other news, insider Javier Ferrán purchased 295 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of GBX 2,806 ($34.53) per share, with a total value of £8,277.70 ($10,186.68). Over the last three months, insiders have purchased 306 shares of company stock valued at $857,748.

About Diageo

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.

Further Reading: Market Timing

Analyst Recommendations for Diageo (LON:DGE)

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