Jefferies Maintains a Buy Rating on Diageo (DGEAF)

In a report released today, Ed Mundy from Jefferies maintained a Buy rating on Diageo (DGEAFResearch Report), with a price target of £45.00. The company’s shares closed last Thursday at $46.01.

Mundy has an average return of 12.8% when recommending Diageo.

According to TipRanks.com, Mundy is ranked #1428 out of 7966 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diageo with a $52.91 average price target, representing a 15.0% upside. In a report issued on July 13, J.P. Morgan also maintained a Buy rating on the stock with a £43.50 price target.

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Diageo’s market cap is currently $104.4B and has a P/E ratio of 24.58.

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Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other. The company was founded on October 21, 1886 and is headquartered in London, the United Kingdom.

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