Diageo (LON:DGE) Stock Gets Price Target Boost from Deutsche Bank Aktiengesellschaft

Diageo (LON:DGE) had its price target lifted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,734 to GBX 1,740 in a note issued to investors on Friday, Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price points to a potential downside of 4.84% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,200 price objective on shares of Diageo in a research report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research report on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,960.50.

Diageo Stock Down 1.6%

LON DGE opened at GBX 1,828.50 on Friday. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,908. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The stock has a market cap of £40.68 billion, a PE ratio of 23.47, a P/E/G ratio of 1.75 and a beta of 0.31. The stock’s 50 day moving average is GBX 1,680.54 and its 200 day moving average is GBX 1,600.95.

Insider Activity

In other news, insider John Alexander Manzoni bought 400 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were bought at an average cost of GBX 1,640 per share, for a total transaction of £6,560. Insiders bought 1,203 shares of company stock valued at $2,000,783 over the last quarter. Insiders own 0.16% of the company’s stock.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.