Diageo plc (DGE) Earns Buy Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Diageo plc (LON:DGE) in a research report report published on Wednesday. The brokerage currently has a GBX 2,900 ($38.27) price objective on the stock.

DGE has been the subject of a number of other reports. J P Morgan Chase & Co set a GBX 2,500 ($32.99) price target on Diageo plc and gave the company a buy rating in a report on Friday, July 28th. UBS AG set a GBX 2,880 ($38.00) price target on Diageo plc and gave the company a buy rating in a report on Wednesday, August 30th. Credit Suisse Group raised their price target on Diageo plc from GBX 2,700 ($35.63) to GBX 2,840 ($37.48) and gave the company an outperform rating in a report on Tuesday, September 12th. Liberum Capital reaffirmed a sell rating and set a GBX 2,000 ($26.39) price target on shares of Diageo plc in a report on Wednesday. Finally, Shore Capital reaffirmed a buy rating on shares of Diageo plc in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Diageo plc currently has a consensus rating of Buy and an average price target of GBX 2,581.50 ($34.07).

Diageo plc (LON:DGE) opened at GBX 2,594 ($34.23) on Wednesday.

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In other Diageo plc news, insider Javier Ferran bought 65,000 shares of Diageo plc stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($33.03) per share, for a total transaction of £1,626,950 ($2,146,938.51). Over the last quarter, insiders have acquired 65,024 shares of company stock worth $162,756,314.

Diageo plc Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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