Diageo (LON:DGE) Cut to Hold at Deutsche Bank Aktiengesellschaft

Diageo (LON:DGE – Get Free Report) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1,700 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 4.26% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group reiterated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a £222.30 price target on shares of Diageo in a report on Friday, June 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Diageo currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,547.50.

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Diageo Stock Performance

Shares of DGE stock opened at GBX 1,630.50 on Wednesday. The firm has a market cap of £36.26 billion, a price-to-earnings ratio of 15.07, a PEG 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 2,142. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The company’s 50 day moving average is GBX 1,539.75 and its 200 day moving average is GBX 1,558.38.

Insider Buying and Selling at Diageo

In other Diageo news, insider John Rishton purchased 3,274 shares of Diageo stock in a transaction on Monday, May 18th. The stock was bought at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni bought 436 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average price of GBX 1,503 per share, with a total value of £6,553.08. Insiders have bought 4,606 shares of company stock valued at $7,012,849 over the last quarter. Insiders own 0.16% of the company’s stock.

About Diageo

(Get Free Report)

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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