Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Diageo (LON:DGE) Stock Price

Diageo (LON:DGE - Free Report) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 1,960 ($26.63) to GBX 2,010 ($27.31) in a research note published on Tuesday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently weighed in on DGE. Citigroup reissued a "buy" rating on shares of Diageo in a research report on Tuesday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,372 ($32.22) target price on shares of Diageo in a research report on Wednesday, May 21st. Three research 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 has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,571.71 ($34.94).

Diageo Stock Performance

Shares of DGE traded down GBX 47.50 ($0.65) during mid-day trading on Tuesday, hitting GBX 1,900.50 ($25.82). The company's stock had a trading volume of 3,517,376 shares, compared to its average volume of 4,250,587. Diageo has a one year low of GBX 1,820 ($24.72) and a one year high of GBX 2,731.50 ($37.11). The stock's 50-day moving average is GBX 1,997.93 and its two-hundred day moving average is GBX 2,141.98. The firm has a market capitalization of £42.19 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Insiders Place Their Bets

In other news, insider John Alexander Manzoni acquired 335 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were purchased at an average cost of GBX 1,955 ($26.56) per share, with a total value of £6,549.25 ($8,897.23). Insiders acquired 981 shares of company stock valued at $1,999,510 in the last quarter. Corporate insiders own 0.11% 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.