Diageo (LON:DGE) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Diageo (LON:DGE)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 1,759 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 12.43% from the stock’s current price.

A number of other brokerages also recently issued reports on DGE. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,000 price target on shares of Diageo in a report on Monday, June 8th. Finally, UBS Group reissued a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,026.12.

Diageo Trading Up 0.8%

DGE stock opened at GBX 1,564.50 on Wednesday. Diageo has a 52 week low of GBX 1,350 and a 52 week high of GBX 2,142. The company has a market capitalization of £34.79 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company’s 50-day simple moving average is GBX 1,515.03 and its 200 day simple moving average is GBX 1,572.66. 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

In other news, insider John Rishton acquired 3,274 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni bought 446 shares of Diageo stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of GBX 1,471 per share, with a total value of £6,560.66. Over the last 90 days, insiders have purchased 4,606 shares of company stock worth $6,998,557. 0.16% of the stock is owned by corporate insiders.

About Diageo

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.