Deutsche Bank Aktiengesellschaft Cuts Diageo (LON:DGE) Price Target to GBX 1,790

Diageo (LON:DGE) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 1,840 to GBX 1,790 in a report issued on Friday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

DGE has been the topic of several other research reports. UBS Group reaffirmed a “buy” rating and issued a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Citigroup reduced their price target on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research report on Monday, October 20th. The Goldman Sachs Group upgraded shares of Diageo to a “neutral” rating and set a GBX 2,000 price objective on the stock in a report on Thursday, August 7th. JPMorgan Chase & Co. decreased their target price on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Berenberg Bank decreased their price objective on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,198.75.

Diageo Stock Up 0.2%

LON:DGE opened at GBX 1,746 on Friday. Diageo has a 1-year low of GBX 1,664 and a 1-year high of GBX 2,619.50. The firm has a market capitalization of £38.82 billion, a P/E ratio of 16.52, a PEG ratio of 1.75 and a beta of 0.36. The company’s fifty day moving average price is GBX 1,778.29 and its 200-day moving average price is GBX 1,900.11. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni bought 358 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was acquired at an average cost of GBX 1,833 per share, with a total value of £6,562.14. In the last 90 days, insiders purchased 1,077 shares of company stock worth $2,013,184. 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.