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

Key Points

• Deutsche Bank Aktiengesellschaft raised its target price for Diageo (LON:DGE) stock from GBX 2,010 to GBX 2,060, indicating a potential upside of 5.48% from its previous close.
• A consensus rating of "Moderate Buy" exists among analysts, with a current average target price of GBX 2,458.67 ($32.69) and several firms, including Citigroup and Jefferies, issuing buy ratings.
• Company insiders have recently purchased 981 shares of Diageo, indicating confidence in the stock despite its current debt-to-equity ratio of 234.57.

Diageo (LON:DGE - Free Report) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 2,010 ($27.03) to GBX 2,060 ($27.71) in a research note released on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup reissued a "buy" rating on shares of Diageo in a report on Monday, August 4th. Jefferies Financial Group reissued a "buy" rating and set a GBX 2,500 ($33.62) price objective on shares of Diageo in a report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,400 ($32.28) price objective on shares of Diageo in a report on Wednesday, July 16th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 2,372 ($31.90) price objective on shares of Diageo in a report on Tuesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 2,393.14 ($32.19).

Diageo Stock Down 0.2%

Shares of DGE traded down GBX 5 ($0.07) during midday trading on Tuesday, reaching GBX 2,021 ($27.18). 3,041,995 shares of the stock were exchanged, compared to its average volume of 4,388,322. Diageo has a 12-month low of GBX 1,797 ($24.17) and a 12-month high of GBX 2,677 ($36.01). The firm has a 50 day simple moving average of GBX 1,918.79 and a 200-day simple moving average of GBX 2,062.15. 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 company has a market cap of £44.86 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni bought 335 shares of the stock in a transaction on Wednesday, July 9th. The shares were purchased at an average price of GBX 1,955 ($26.29) per share, with a total value of £6,549.25 ($8,808.68). Over the last quarter, insiders purchased 981 shares of company stock valued at $1,999,510. Company 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.