Diageo's (DGE) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Diageo and set a GBX 2,223 price target, implying 25.24% potential upside from the reported GBX 1,775 share price.
• Analyst sentiment is broadly positive, with four buy ratings and three holds producing a consensus “Moderate Buy” rating, though Deutsche Bank recently downgraded the stock to “hold.”
• Diageo shares have traded between GBX 1,295.50 and GBX 2,142 over the past year, while insiders purchased 4,606 shares in the last three months.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 2,223 price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 25.24% from the stock's current price.

Several other research analysts also recently weighed in on DGE. Jefferies Financial Group reaffirmed a "buy" rating and issued a £222.30 target price on shares of Diageo in a report on Friday, June 26th. UBS Group reissued a "neutral" rating and set a GBX 1,600 price target on shares of Diageo in a report on Tuesday, May 5th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 2,000 price objective on shares of Diageo in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded Diageo to a "hold" rating and set a GBX 1,700 price objective on the stock. in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,890.43.

Diageo Stock Performance

Shares of LON DGE opened at GBX 1,775 on Friday. The firm has a fifty day moving average price of GBX 1,548.41 and a 200-day moving average price 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. The stock has a market cap of £39.47 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 2,142.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni bought 441 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of GBX 1,488 per share, for a total transaction of £6,562.08. Also, insider John Rishton bought 3,274 shares of the business's stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Insiders bought 4,606 shares of company stock worth $7,012,849 in the last three months. 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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