Diageo (LON:DGE) Given a GBX 3,300 Price Target by Deutsche Bank Rese… Analysts

Diageo (LON:DGE – Get Rating) has been assigned a GBX 3,300 ($39.76) price objective by Deutsche Bank Rese… in a research note issued on Friday, Borsen Zeitung reports. Deutsche Bank Rese…’s target price points to a potential downside of 14.99% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Diageo in a research report on Thursday, June 30th. They issued a “sector perform” rating for the company. Citigroup reissued a “neutral” rating and issued a GBX 4,150 ($50.00) price target on shares of Diageo in a research report on Tuesday, June 21st. Bank of America set a GBX 4,600 ($55.42) price objective on Diageo in a research report on Friday, April 8th. Jefferies Financial Group set a GBX 4,500 ($54.22) target price on shares of Diageo in a report on Thursday. Finally, Credit Suisse Group set a GBX 4,550 ($54.82) price objective on shares of Diageo in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 4,106.67 ($49.48).

Diageo Stock Up 0.4 %

LON:DGE opened at GBX 3,882 ($46.77) on Friday. The company has a debt-to-equity ratio of 152.58, a current ratio of 1.52 and a quick ratio of 0.69. Diageo has a 1-year low of GBX 3,282.50 ($39.55) and a 1-year high of GBX 4,110 ($49.52). The company has a 50-day moving average of GBX 3,615.39 and a 200 day moving average of GBX 3,708.74. The firm has a market cap of £88.63 billion and a PE ratio of 2,986.15.

Insider Transactions at Diageo

In other Diageo news, insider Javier Ferrán purchased 235 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of GBX 3,521 ($42.42) per share, for a total transaction of £8,274.35 ($9,969.10). Insiders bought a total of 690 shares of company stock worth $2,482,790 over the last three months.

About Diageo

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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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