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

Diageo (LON:DGE) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 1,960 ($26.64) to GBX 2,010 ($27.32) in a research report report published on Tuesday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts also recently commented on DGE. Citigroup reiterated a “buy” rating on shares of Diageo in a report on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 2,372 ($32.25) target price on shares of Diageo in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,571.71 ($34.96).

Diageo Price Performance

Diageo stock opened at GBX 1,946 ($26.45) on Tuesday. Diageo has a 12-month low of GBX 1,820 ($24.74) and a 12-month high of GBX 2,731.50 ($37.13). The business’s 50-day simple moving average is GBX 2,004.65 and its 200 day simple moving average is GBX 2,147.51. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The stock has a market cap of £43.20 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni purchased 331 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was purchased at an average price of GBX 1,985 ($26.98) per share, for a total transaction of £6,570.35 ($8,931.96). Insiders have acquired 953 shares of company stock valued at $1,983,862 over the last three months. 0.11% of the stock is currently owned by company 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.