Diageo’s (DGE) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Diageo (LON:DGE) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,734 target price on the stock.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,200 target price on shares of Diageo in a research note on Wednesday, October 14th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Diageo has an average rating of “Moderate Buy” and a consensus target price of GBX 1,959.50.

Diageo Stock Performance

Shares of DGE stock opened at GBX 1,702.50 on Tuesday. The company has a market cap of £37.87 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,903.90. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12. The firm has a 50 day moving average of GBX 1,675.48 and a 200-day moving average of GBX 1,598.09.

Insider Activity at Diageo

In other news, insider John Alexander Manzoni acquired 400 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was purchased at an average price of GBX 1,640 per share, for a total transaction of £6,560. Insiders purchased a total of 1,203 shares of company stock worth $2,000,783 in the last ninety days. 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.