Diageo (LON:DGE) Earns Buy Rating from Berenberg Bank

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report released on Wednesday, MarketBeat reports. They presently have a GBX 2,372 ($31.84) target price on the stock. Berenberg Bank’s price target points to a potential upside of 14.73% from the stock’s current price.

Diageo Price Performance

Diageo stock opened at GBX 2,067.38 ($27.75) on Wednesday. The stock’s fifty day moving average price is GBX 2,080.67 and its two-hundred day moving average price is GBX 2,254.56. Diageo has a one year low of GBX 1,908 ($25.61) and a one year high of GBX 2,762 ($37.07). The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The firm has a market cap of £45.89 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 315 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were bought at an average price of GBX 2,079 ($27.91) per share, for a total transaction of £6,548.85 ($8,790.40). Also, insider Nik Jhangiani sold 65,676 shares of Diageo stock in a transaction on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($29.06), for a total value of £1,421,885.40 ($1,908,571.01). Insiders have purchased a total of 621 shares of company stock worth $1,326,179 in the last 90 days. Company insiders own 0.11% of the company’s stock.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.