Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Diageo (LON:DGE) Stock Price

Diageo (LON:DGE) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,770 to GBX 1,734 in a research note issued on Wednesday, London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 7.14% from the stock’s previous close.

DGE has been the subject of several other reports. Jefferies Financial Group increased their target price on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a report on Monday, August 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,033.86.

Diageo Trading Up 0.6%

DGE traded up GBX 9.50 during trading on Wednesday, hitting GBX 1,618.50. 15,111,345 shares of the stock traded hands, compared to its average volume of 20,879,113. The firm has a market capitalization of £35.99 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 1,903.90. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The firm has a 50-day moving average of GBX 1,646.99 and a 200 day moving average of GBX 1,550.24.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni purchased 436 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Insiders have bought 1,240 shares of company stock valued at $2,000,426 over the last ninety days. 0.16% of the stock is owned by corporate 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.