Diageo (LON:DGE) Earns “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Diageo (LON:DGE) in a report issued on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 2,900 ($36.10) price objective on the stock.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Diageo in a research note on Monday, February 26th. Barclays lowered their price objective on Diageo from GBX 3,730 ($46.43) to GBX 3,550 ($44.19) and set an overweight rating for the company in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of GBX 3,040 ($37.84).

Diageo Stock Down 0.6 %

Shares of LON:DGE opened at GBX 2,805.50 ($34.92) on Thursday. The business’s 50 day simple moving average is GBX 2,896.28 and its two-hundred day simple moving average is GBX 2,904.05. The firm has a market cap of £62.56 billion, a P/E ratio of 1,894.63, a PEG ratio of 1.64 and a beta of 0.32. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. Diageo has a 52-week low of GBX 2,676 ($33.31) and a 52-week high of GBX 3,779.50 ($47.05).

Diageo Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, February 29th were given a dividend of $0.41 per share. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 29th. Diageo’s payout ratio is 5,436.24%.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán purchased 290 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.52) per share, with a total value of £8,273.70 ($10,299.64). In other Diageo news, insider Javier Ferrán purchased 290 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.52) per share, with a total value of £8,273.70 ($10,299.64). Also, insider Karen Blackett acquired 702 shares of Diageo stock in a transaction on Monday, April 8th. The shares were purchased at an average cost of GBX 2,826 ($35.18) per share, with a total value of £19,838.52 ($24,696.28). Over the last three months, insiders acquired 1,002 shares of company stock valued at $2,839,892. 0.13% of the stock is 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.