Diageo (LON:DGE) Given "Buy" Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed a Buy rating on Diageo with a GBX 1,650 price target, implying roughly a 13.39% upside from the current price.
• Overall analyst coverage shows a Moderate Buy consensus (five Buy, three Hold) with a higher average price target of GBX 2,000.
• Diageo shares opened at GBX 1,455.20 (down about 3.3%), with a market cap of £32.36bn, a P/E of 13.45, and a 12‑month trading range of GBX 1,350–2,215.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 1,650 price target on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 13.39% from the company's current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a research report on Thursday, January 22nd. Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,000 price objective on shares of Diageo in a research report on Wednesday, March 4th. UBS Group restated a "neutral" rating and set a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 1,900 price objective on shares of Diageo in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,000.

Diageo Stock Down 3.3%

Shares of Diageo stock opened at GBX 1,455.20 on Tuesday. The company has a market cap of £32.36 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company's 50 day moving average is GBX 1,490.94 and its 200 day moving average is GBX 1,635.27. Diageo has a twelve month low of GBX 1,350 and a twelve month high of GBX 2,215. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni purchased 446 shares of the firm's stock in a transaction on Friday, April 10th. The shares were acquired at an average cost of GBX 1,471 per share, for a total transaction of £6,560.66. Also, insider Nik Jhangiani sold 27,786 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £416,790. Insiders acquired 1,262 shares of company stock worth $1,999,723 over the last quarter. Insiders own 0.16% 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. 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.

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