Diageo (LON:DGE) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Diageo (LON:DGE)‘s stock had its “buy” rating reissued by Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 1,759 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 12.43% from the company’s current price.

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

Diageo Trading Up 0.8%

Shares of DGE stock opened at GBX 1,564.50 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The firm has a market cap of £34.79 billion, a P/E ratio of 14.46, a PEG ratio of 1.75 and a beta of 0.30. The company has a 50 day moving average of GBX 1,515.03 and a 200-day moving average of GBX 1,572.66. Diageo has a 12-month low of GBX 1,350 and a 12-month high of GBX 2,142.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni bought 446 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was acquired at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider John Rishton purchased 3,274 shares of the company’s stock in a transaction dated 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. In the last quarter, insiders bought 4,606 shares of company stock worth $6,998,557. Insiders own 0.16% of the company’s stock.

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.