Diageo (LON:DGE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Diageo (LON:DGE) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,010 ($26.85) to GBX 2,060 ($27.52) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 3.86% from the stock’s current price.

A number of other equities research analysts have also commented on DGE. Citigroup reiterated a “buy” rating on shares of Diageo in a research report on Monday. Jefferies Financial Group restated a “buy” rating and set a GBX 2,500 ($33.40) target price on shares of Diageo in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,400 ($32.06) price target on shares of Diageo in a report on Wednesday, July 16th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,372 ($31.69) price objective on shares of Diageo in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Diageo currently has an average rating of “Moderate Buy” and an average price target of GBX 2,458.67 ($32.84).

Diageo Stock Up 4.2%

Diageo stock opened at GBX 1,983.50 ($26.50) on Tuesday. The business’s 50-day simple moving average is GBX 1,919.40 and its two-hundred day simple moving average is GBX 2,068.40. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The company has a market cap of £44.03 billion, a PE ratio of 11.11, a PEG ratio of 1.75 and a beta of 0.36. Diageo has a fifty-two week low of GBX 1,797 ($24.00) and a fifty-two week high of GBX 2,677 ($35.76).

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 335 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were bought at an average cost of GBX 1,955 ($26.12) per share, with a total value of £6,549.25 ($8,748.66). Insiders purchased a total of 981 shares of company stock worth $1,999,510 in the last quarter. Corporate insiders own 0.11% of the company’s stock.

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.