JPMorgan Chase & Co. Reiterates Overweight Rating for Diageo (LON:DGE)

Diageo (LON:DGEGet Rating)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Marketbeat reports. They currently have a GBX 4,350 ($53.28) price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 23.04% from the company’s current price.

DGE has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,900 ($47.77) price objective on shares of Diageo in a research note on Tuesday, May 10th. Jefferies Financial Group set a GBX 4,000 ($49.00) price objective on Diageo in a research note on Friday, June 17th. Royal Bank of Canada set a GBX 2,800 ($34.30) price objective on Diageo in a research note on Tuesday. Bank of America set a GBX 4,600 ($56.34) price objective on Diageo in a research note on Friday, April 8th. Finally, UBS Group set a GBX 4,300 ($52.67) price objective on Diageo in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of GBX 4,159.33 ($50.95).

Shares of LON DGE opened at GBX 3,535.50 ($43.31) on Wednesday. Diageo has a twelve month low of GBX 3,282.50 ($40.21) and a twelve month high of GBX 4,110 ($50.34). The company has a current ratio of 1.52, a quick ratio of 0.69 and a debt-to-equity ratio of 152.58. The company has a market capitalization of £80.86 billion and a price-to-earnings ratio of 27.20. The business has a 50 day simple moving average of GBX 3,729.25 and a 200-day simple moving average of GBX 3,771.19.

In other news, insider Javier Ferrán acquired 206 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was acquired at an average price of GBX 4,007 ($49.08) per share, for a total transaction of £8,254.42 ($10,110.75). In the last 90 days, insiders bought 662 shares of company stock valued at $2,479,638.

About Diageo (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Analyst Recommendations for Diageo (LON:DGE)

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