Deutsche Bank Aktiengesellschaft Reaffirms “Sell” Rating for Diageo (LON:DGE)

Diageo (LON:DGE)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, Digital Look reports.

A number of other analysts have also recently commented on DGE. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,900 ($36.43) price target on shares of Diageo in a research report on Thursday, April 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Monday, February 26th. Finally, Barclays reduced their price target on shares of Diageo from GBX 3,730 ($46.85) to GBX 3,550 ($44.59) and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price of GBX 3,040 ($38.19).

Diageo Stock Up 0.2 %

Shares of DGE traded up GBX 6 ($0.08) on Tuesday, reaching GBX 2,775.50 ($34.86). The stock had a trading volume of 3,385,694 shares, compared to its average volume of 3,556,633. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. Diageo has a 12-month low of GBX 2,676 ($33.61) and a 12-month high of GBX 3,694.50 ($46.41). The firm has a market capitalization of £61.89 billion, a price-to-earnings ratio of 1,862.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.32. The company has a 50-day simple moving average of GBX 2,883.16 and a 200-day simple moving average of GBX 2,889.60.

Insider Activity

In other news, insider Javier Ferrán purchased 290 shares of the stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). In other Diageo news, insider Karen Blackett acquired 702 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was purchased at an average price of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Also, insider Javier Ferrán bought 290 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.84) per share, for a total transaction of £8,273.70 ($10,392.79). Insiders have purchased a total of 1,002 shares of company stock valued at $2,839,892 in the last 90 days. 0.13% of the stock is currently owned by insiders.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.