Deutsche Bank Aktiengesellschaft Raises Diageo (LON:DGE) Price Target to GBX 2,010

Diageo (LON:DGE - Free Report) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 1,960 ($26.44) to GBX 2,010 ($27.11) 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 brokerages also recently commented on DGE. Citigroup reiterated a "buy" rating on shares of Diageo in a research report on Tuesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,372 ($32.00) price objective on shares of Diageo in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 2,571.71 ($34.69).

Diageo Stock Performance

LON:DGE traded down GBX 47.50 ($0.64) during mid-day trading on Tuesday, hitting GBX 1,900.50 ($25.64). 3,517,376 shares of the company's stock traded hands, compared to its average volume of 4,250,587. The firm has a 50 day moving average of GBX 1,993.54 and a two-hundred day moving average of GBX 2,135.37. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a 12 month low of GBX 1,820 ($24.55) and a 12 month high of GBX 2,731.50 ($36.85). The firm has a market capitalization of £42.19 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In related news, insider John Alexander Manzoni bought 335 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was acquired at an average price of GBX 1,955 ($26.37) per share, for a total transaction of £6,549.25 ($8,834.82). In the last ninety days, insiders purchased 981 shares of company stock worth $1,999,510. 0.11% of the stock is owned by company insiders.

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.