Diageo (LON:DGE) Given New GBX 1,740 Price Target at Deutsche Bank Aktiengesellschaft

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

Other analysts also recently issued reports about the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,200 target price on shares of Diageo in a report on Thursday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a report on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,960.50.

Diageo Price Performance

DGE stock opened at GBX 1,828.50 on Friday. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,908. The firm has a market capitalization of £40.68 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a fifty day simple moving average of GBX 1,680.54 and a two-hundred day simple moving average of GBX 1,600.95. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni purchased 414 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of GBX 1,585 per share, for a total transaction of £6,561.90. Over the last 90 days, insiders purchased 1,203 shares of company stock worth $2,000,783. 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.