Diageo’s (DGE) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Diageo (LON:DGE) in a report released on Friday morning,Digital Look reports. They currently have a GBX 1,700 price objective on the stock.

Several other equities analysts have also issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, May 27th. Berenberg Bank restated a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a £222.30 price target on shares of Diageo in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Diageo has an average rating of “Moderate Buy” and a consensus price target of GBX 4,890.43.

Diageo Trading Up 3.3%

LON DGE opened at GBX 1,790 on Friday. The firm’s fifty day moving average price is GBX 1,553.50 and its 200 day moving average price is GBX 1,559.85. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 2,142. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The company has a market capitalization of £39.80 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31.

Insider Activity at Diageo

In related news, insider John Rishton purchased 3,274 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni purchased 441 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of GBX 1,488 per share, with a total value of £6,562.08. Insiders acquired a total of 4,606 shares of company stock worth $7,012,849 over the last quarter. Company insiders own 0.17% 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.