Diageo (LON:DGE – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Friday, Digital Look reports. They presently have a GBX 2,223 price target on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 20.16% from the company’s current price.
DGE has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,200 price objective on shares of Diageo in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,734 target price on shares of Diageo in a research note on Tuesday, October 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,959.50.
Check Out Our Latest Research Report on Diageo
Diageo Price Performance
DGE opened at GBX 1,850 on Friday. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a market capitalization of £41.15 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company’s 50 day simple moving average is GBX 1,680.54 and its 200-day simple moving average is GBX 1,600.95. Diageo has a one year low of GBX 1,295.50 and a one year high of GBX 1,908.
Insider Buying and Selling
In other Diageo news, insider John Alexander Manzoni bought 400 shares of the company’s stock in a transaction on Monday, October 12th. The stock was bought at an average price of GBX 1,640 per share, for a total transaction of £6,560. Over the last three months, insiders have acquired 1,203 shares of company stock worth $2,000,783. 0.16% of the stock is currently owned by insiders.
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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