Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “hold” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a note issued to 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 would indicate a potential downside of 1.07% from the stock’s current price.

A number of other research firms have also recently weighed in on DGE. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,200 price target on shares of Diageo in a research report on Wednesday, October 14th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,959.50.

Diageo Stock Performance

Diageo stock traded down GBX 22.75 during midday trading on Tuesday, reaching GBX 1,752.75. 902,419,188 shares of the company traded hands, compared to its average volume of 22,898,732. The firm has a market capitalization of £38.99 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,903.90. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The business has a 50 day moving average of GBX 1,673.04 and a two-hundred day moving average of GBX 1,595.52.

Insider Activity

In other news, insider John Alexander Manzoni acquired 400 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was acquired at an average cost of GBX 1,640 per share, with a total value of £6,560. Over the last quarter, insiders have purchased 1,203 shares of company stock valued at $2,000,783. 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.