Diageo (LON:DGE) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Diageo (LON:DGE) in a report released on Friday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 2,223 price target on the stock.

Several other equities research analysts also recently issued reports on DGE. Deutsche Bank Aktiengesellschaft downgraded shares of Diageo to a “hold” rating and set a GBX 1,700 price objective for the company. in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Wednesday, May 27th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a £222.30 price target on shares of Diageo in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Moderate Buy” and an average target price of GBX 4,890.43.

Diageo Stock Up 3.3%

Shares of LON:DGE opened at GBX 1,790 on Friday. The stock has a 50-day simple moving average of GBX 1,553.50 and a 200-day simple moving average of GBX 1,559.85. The stock has a market capitalization of £39.80 billion, a P/E ratio of 16.54, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 2,142. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni bought 436 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was bought at an average price of GBX 1,503 per share, with a total value of £6,553.08. Also, insider John Rishton purchased 3,274 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of GBX 1,527 per share, with a total value of £49,993.98. Insiders have acquired a total of 4,606 shares of company stock worth $7,012,849 over the last 90 days. 0.17% of the stock is owned by company 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.