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

Diageo (LON:DGE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 1,700 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 5.24% from the stock’s previous close.

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

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,794 on Friday. Diageo has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 2,142. The stock has a market cap of £39.89 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.75 and a beta of 0.31. The stock’s 50 day moving average price is GBX 1,548.41 and its 200 day moving average price is GBX 1,558.23. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni bought 436 shares of Diageo stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of GBX 1,503 per share, for a total transaction of £6,553.08. Also, insider John Rishton purchased 3,274 shares of the firm’s stock in a transaction on 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. Insiders have purchased 4,606 shares of company stock valued at $7,012,849 over the last 90 days. 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.