Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Diageo (LON:DGE) Stock Price

Diageo (LON:DGE) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 1,734 to GBX 1,740 in a research report released on Friday morning,Digital Look reports. They currently have a hold rating on the stock.

A number of other research firms also recently commented on DGE. Berenberg Bank restated a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,200 price target on shares of Diageo in a research note on Thursday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued 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 given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,960.50.

Diageo Price Performance

DGE stock traded up GBX 25 during trading on Friday, hitting GBX 1,882.50. The company had a trading volume of 6,154,490 shares, compared to its average volume of 18,076,078. The business has a 50 day moving average of GBX 1,684.16 and a 200 day moving average of GBX 1,602.21. The firm has a market capitalization of £41.88 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. Diageo has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,908.

Insider Activity

In other news, insider John Alexander Manzoni acquired 414 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of GBX 1,585 per share, with a total value of £6,561.90. In the last 90 days, insiders acquired 1,203 shares of company stock worth $2,000,783. 0.16% of the stock is currently owned by company insiders.

Diageo News Roundup

Here are the key news stories impacting Diageo this week:

• Positive Sentiment: First-quarter net sales rose 1.2% to $4.93 billion; organic net sales increased 0.6% excluding the impact of EABL. Results beat estimates, with North America performing better than expected, and Diageo maintained its FY2027 guidance. Diageo reports first-quarter sales growth and maintains guidance
• Positive Sentiment: Berenberg reaffirmed its buy rating with a GBX 2,223 target, while Jefferies reiterated buy with a GBX 2,200 target—both implying potential upside from the recent trading level.
• Neutral Sentiment: Deutsche Bank raised its target slightly to GBX 1,740 but retained a hold rating. Shareholders also approved all resolutions at Diageo’s 5 November AGM. Diageo shareholders approve all AGM resolutions
• Negative Sentiment: Diageo cautioned that a U.S. turnaround will take time, tempering expectations for a quick recovery in a key market. Diageo warns U.S. turnaround will take time
• Negative Sentiment: Rising competition in the UK and Ireland stout market adds pressure to a core category. Diageo flags rising UK and Irish competition in stout

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.