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

Diageo (LON:DGE)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. They currently have a GBX 1,734 price target on the stock. Deutsche Bank Aktiengesellschaft‘s price target points to a potential downside of 1.07% from the stock’s previous close.

DGE has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,200 price objective on shares of Diageo in a report on Wednesday, October 14th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,959.50.

Diageo Stock Performance

DGE traded down GBX 22.75 on Tuesday, hitting GBX 1,752.75. 902,419,188 shares of the stock traded hands, compared to its average volume of 22,898,732. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. 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 firm has a market capitalization of £38.99 billion, a PE ratio of 22.50, a P/E/G ratio of 1.75 and a beta of 0.31. The business has a fifty day moving average price of GBX 1,673.04 and a two-hundred day moving average price of GBX 1,595.52.

Insider Activity

In related news, insider John Alexander Manzoni purchased 414 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of GBX 1,585 per share, for a total transaction of £6,561.90. Insiders purchased 1,203 shares of company stock valued at $2,000,783 over the last three months. Corporate 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.