Diageo (LON:DGE) Price Target Lowered to GBX 2,370 at Berenberg Bank

Diageo (LON:DGE) had its price objective decreased by equities researchers at Berenberg Bank from GBX 2,372 to GBX 2,370 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 37.27% from the company’s current price.

Several other research firms have also weighed in on DGE. The Goldman Sachs Group raised Diageo to a “neutral” rating and set a GBX 2,000 target price on the stock in a research note on Thursday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 price target on shares of Diageo in a research report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,400 price objective on shares of Diageo in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Diageo from GBX 1,950 to GBX 1,915 and set a “hold” rating for the company in a report on Thursday, October 16th. Finally, Citigroup cut their target price on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,276.88.

Diageo Trading Up 2.8%

DGE traded up GBX 46.50 during trading on Thursday, reaching GBX 1,726.50. 5,494,463 shares of the company’s stock were exchanged, compared to its average volume of 4,362,475. The company’s fifty day moving average price is GBX 1,833.24 and its 200-day moving average price is GBX 1,941.96. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The firm has a market capitalization of £38.39 billion, a PE ratio of 16.33, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a fifty-two week low of GBX 1,664 and a fifty-two week high of GBX 2,619.50.

Insider Buying and Selling

In other news, insider John Alexander Manzoni bought 358 shares of the company’s stock in a transaction on Friday, October 10th. The shares were purchased at an average price of GBX 1,833 per share, with a total value of £6,562.14. In the last ninety days, insiders have bought 1,042 shares of company stock valued at $2,012,634. Company insiders own 0.16% of the company’s stock.

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.