Diageo's (DGE) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reiterated a Buy rating on Diageo with a GBX 1,650 price target, implying roughly a 10% upside from the prior close.
• Analyst consensus is a "Moderate Buy" (six Buy, two Hold) with a consensus target of GBX 2,081.25; recent notes vary from JPMorgan's neutral to Jefferies and RBC setting GBX 2,000 targets.
• Shares opened at GBX 1,499.98 (market cap £33.35bn, P/E 13.86) with a 12-month range of GBX 1,350–2,215, and insiders recently sold 19,871 shares while another bought 446 shares—insiders own 0.16% of the stock.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 1,650 price target on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 10.00% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a research note on Thursday, January 22nd. Jefferies Financial Group reduced their target price on Diageo from GBX 2,300 to GBX 2,000 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Diageo currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,081.25.

Diageo Stock Performance

Shares of DGE opened at GBX 1,499.98 on Wednesday. The company has a market cap of £33.35 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The stock has a 50-day moving average price of GBX 1,564.60 and a 200-day moving average price of GBX 1,660.68. Diageo has a 12-month low of GBX 1,350 and a 12-month high of GBX 2,215.

Insiders Place Their Bets

In related news, insider Nik Jhangiani sold 19,871 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 1,500, for a total transaction of £298,065. Also, insider John Alexander Manzoni bought 446 shares of the business's stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average price of GBX 1,471 per share, with a total value of £6,560.66. In the last quarter, insiders have purchased 1,262 shares of company stock valued at $1,999,723. 0.16% of the stock is owned by company insiders.

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. 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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