Berenberg Bank Reaffirms Buy Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Friday, Digital Look reports. They presently have a GBX 2,223 target price on the stock. Berenberg Bank‘s price target indicates a potential upside of 20.16% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,200 price objective on shares of Diageo in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,734 target price on shares of Diageo in a report on Tuesday, October 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,959.50.

Diageo Stock Performance

Shares of DGE stock opened at GBX 1,850 on Friday. The stock has a market cap of £41.15 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The stock has a 50-day moving average of GBX 1,680.54 and a 200-day moving average of GBX 1,600.95. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a one year low of GBX 1,295.50 and a one year high of GBX 1,908.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni purchased 414 shares of the stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of GBX 1,585 per share, for a total transaction of £6,561.90. Insiders bought 1,203 shares of company stock valued at $2,000,783 over the last ninety days. 0.16% of the stock is currently owned by insiders.

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.