Deutsche Bank Aktiengesellschaft Cuts Diageo (LON:DGE) Price Target to GBX 1,734

Diageo (LON:DGE) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 1,770 to GBX 1,734 in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

DGE has been the subject of several other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. Jefferies Financial Group upped their target price on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,033.86.

Diageo Stock Performance

Shares of DGE opened at GBX 1,613.68 on Wednesday. Diageo has a 52-week low of GBX 1,295.50 and a 52-week high of GBX 1,903.90. The firm has a market capitalization of £35.88 billion, a PE ratio of 20.71, a P/E/G ratio of 1.75 and a beta of 0.31. The firm has a 50-day moving average price of GBX 1,653.91 and a 200 day moving average price of GBX 1,550.52. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 414 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of GBX 1,585 per share, with a total value of £6,561.90. Over the last three months, insiders have bought 1,240 shares of company stock valued at $2,000,426. 0.16% of the stock is currently owned by corporate insiders.

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. 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.