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

by · The Markets Daily

Deutsche Bank Aktiengesellschaft cut shares of Diageo (LON:DGE – Free Report) to a hold rating in a research note released on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has GBX 1,700 price objective on the stock.

A number of other analysts have also recently issued reports on DGE. Jefferies Financial Group reissued a “buy” rating and issued a £222.30 price objective on shares of Diageo in a research note on Friday, June 26th. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Diageo has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,547.50.

View Our Latest Analysis on DGE

Diageo Price Performance

Shares of Diageo stock opened at GBX 1,634.50 on Wednesday. Diageo has a one year low of GBX 1,295.50 and a one year high of GBX 2,142. The stock’s fifty day moving average is GBX 1,542.95 and its 200 day moving average is GBX 1,559.31. The stock has a market cap of £36.34 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60.

Insider Buying and Selling

In other news, insider John Alexander Manzoni acquired 441 shares of Diageo stock in a transaction on Wednesday, June 10th. The shares were acquired at an average price of GBX 1,488 per share, with a total value of £6,562.08. Also, insider John Rishton acquired 3,274 shares of Diageo stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of GBX 1,527 per share, for a total transaction of £49,993.98. Over the last three months, insiders have purchased 4,606 shares of company stock valued at $7,012,849. 0.16% of the stock is owned by corporate insiders.

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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