Diageo (LON:DGE) Receives Hold Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “hold” rating on Diageo and set a GBX 1,700 price target, implying 5.24% downside from the previous close.
• Analyst sentiment remains broadly positive, with four “buy” ratings and three “hold” ratings, producing a “Moderate Buy” consensus rating.
• Diageo shares rose 3.5% to open at GBX 1,794, while insiders purchased 4,606 shares worth approximately £7,012,849 in the past quarter.

Diageo (LON:DGE - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 1,700 price target on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential downside of 5.24% from the company's previous close.

A number of other equities research analysts have also recently issued reports on DGE. Jefferies Financial Group reiterated a "buy" rating and issued a £222.30 target price on shares of Diageo in a research note on Friday, June 26th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,223 price objective on shares of Diageo in a report on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, May 27th. Finally, UBS Group reiterated a "neutral" rating and issued a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 4,890.43.

Diageo Trading Up 3.5%

LON:DGE opened at GBX 1,794 on Friday. The firm has a market capitalization of £39.89 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.75 and a beta of 0.31. The business has a 50 day simple moving average of GBX 1,548.41 and a 200 day simple moving average of GBX 1,558.23. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. Diageo has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 2,142.

Insiders Place Their Bets

In other Diageo news, insider John Rishton purchased 3,274 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni purchased 441 shares of the stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. Insiders have acquired a total of 4,606 shares of company stock valued at $7,012,849 in the last quarter. 0.16% of the stock is currently owned by 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. 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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