Diageo (NYSE:DEO) Price Target Increased to GBX 4,160 by Analysts at Berenberg Bank

Posted by MarketBeat News on Aug 3rd, 2022

Diageo (NYSE:DEO – Get Rating) had its price objective increased by Berenberg Bank from GBX 3,900 ($47.79) to GBX 4,160 ($50.97) in a research report report published on Tuesday morning, The Fly reports.

Several other equities analysts have also commented on DEO. Deutsche Bank Aktiengesellschaft increased their price objective on Diageo from GBX 3,230 ($39.58) to GBX 3,300 ($40.44) in a research report on Friday, July 29th. Kepler Capital Markets lowered Diageo from a buy rating to a hold rating in a research report on Wednesday, June 29th. Morgan Stanley reduced their price objective on Diageo from GBX 4,500 ($55.14) to GBX 4,100 ($50.24) in a research report on Tuesday, June 28th. Societe Generale increased their price objective on Diageo from GBX 4,250 ($52.08) to GBX 4,500 ($55.14) in a research report on Tuesday, April 19th. Finally, StockNews.com upgraded Diageo from a hold rating to a buy rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Diageo has an average rating of Hold and a consensus price target of $4,192.50.

Diageo Price Performance

Shares of Diageo stock opened at $189.18 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.69 and a debt-to-equity ratio of 1.60. The business’s 50-day moving average price is $178.62 and its 200-day moving average price is $191.24. Diageo has a 12 month low of $166.24 and a 12 month high of $223.14.

Institutional Investors Weigh In On Diageo

Institutional investors and hedge funds have recently bought and sold shares of the business. Concord Wealth Partners lifted its holdings in Diageo by 81.2% in the 1st quarter. Concord Wealth Partners now owns 125 shares of the company’s stock worth $25,000 after buying an additional 56 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Diageo by 135.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock worth $25,000 after buying an additional 84 shares during the period. JNBA Financial Advisors lifted its holdings in Diageo by 132.7% in the 4th quarter. JNBA Financial Advisors now owns 121 shares of the company’s stock worth $27,000 after buying an additional 69 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC lifted its holdings in Diageo by 432.0% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 133 shares of the company’s stock worth $27,000 after buying an additional 108 shares during the period. Finally, MCF Advisors LLC purchased a new stake in Diageo in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 9.23% of the company’s stock.

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.