Diageo (LON:DGE) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Diageo (LON:DGE) to a buy rating in a research report released on Thursday, Marketbeat.com reports. UBS Group currently has GBX 2,920 ($37.01) target price on the stock, up from their prior target price of GBX 2,300 ($29.15).

A number of other equities analysts have also weighed in on DGE. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,200 ($40.56) price objective on shares of Diageo in a research report on Thursday, August 22nd. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.49) target price for the company 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,993.33 ($37.94).

Diageo Stock Performance

LON:DGE opened at GBX 2,614 ($33.13) on Thursday. The firm’s fifty day moving average price is GBX 2,474.85 and its 200 day moving average price is GBX 2,509.39. Diageo has a 1-year low of GBX 2,165.60 ($27.45) and a 1-year high of GBX 3,056 ($38.74). 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 firm has a market cap of £58.03 billion, a price-to-earnings ratio of 1,938.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In other news, insider Javier Ferrán purchased 339 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average price of GBX 2,446 ($31.01) per share, with a total value of £8,291.94 ($10,510.76). Insiders bought 1,015 shares of company stock valued at $2,476,438 in the last 90 days. 0.11% of the stock is currently owned by 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.