Deutsche Bank Aktiengesellschaft Cuts Diageo (LON:DGE) Price Target to GBX 1,915

Key Points

• Deutsche Bank Aktiengesellschaft has cut its price target for Diageo from GBX 1,950 to GBX 1,915, maintaining a "hold" rating.
• Despite the cut, the new price target still suggests a potential upside of 5.98% from Diageo's previous close.
• Overall, Diageo has an average rating of "Moderate Buy" among analysts, with a consensus target price of approximately GBX 2,358.14.

Diageo (LON:DGE - Get Free Report) had its price objective reduced by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,950 to GBX 1,915 in a research report issued on Thursday,Digital Look reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 5.98% from the company's previous close.

Several other brokerages also recently weighed in on DGE. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 target price on shares of Diageo in a research note on Tuesday, August 5th. Citigroup reissued a "buy" rating on shares of Diageo in a report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,400 price objective on shares of Diageo in a research note on Wednesday, July 16th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of Diageo to a "neutral" rating and set a GBX 2,000 target price on the stock in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,358.14.

Diageo Stock Performance

Shares of LON DGE opened at GBX 1,807 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The stock has a 50 day simple moving average of GBX 1,917.36 and a 200-day simple moving average of GBX 1,969.14. The company has a market cap of £40.18 billion, a PE ratio of 1,709.56, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 12-month low of GBX 1,736.87 and a 12-month high of GBX 2,677.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni bought 358 shares of the business's stock in a transaction on Friday, October 10th. The shares were bought at an average cost of GBX 1,833 per share, with a total value of £6,562.14. In the last 90 days, insiders have purchased 1,042 shares of company stock worth $2,012,634. 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.

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