Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Diageo (LON:DGE) Stock Price

Diageo (LON:DGE) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,840 to GBX 1,790 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 2.52% from the stock’s previous close.

Several other equities analysts also recently commented on DGE. The Goldman Sachs Group upgraded Diageo to a “neutral” rating and set a GBX 2,000 price objective on the stock in a research report on Thursday, August 7th. UBS Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Diageo in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price target on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup reduced their price objective on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, Berenberg Bank lowered their target price on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,198.75.

Diageo Stock Performance

Diageo stock opened at GBX 1,746 on Friday. The firm has a market cap of £38.82 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm has a 50-day moving average of GBX 1,778.29 and a 200-day moving average of GBX 1,901.51. Diageo has a 1-year low of GBX 1,664 and a 1-year high of GBX 2,619.50.

Insider Activity

In other Diageo news, insider John Alexander Manzoni acquired 355 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average price of GBX 1,850 per share, for a total transaction of £6,567.50. Over the last 90 days, insiders purchased 1,077 shares of company stock worth $2,013,184. 0.16% of the stock is owned by corporate insiders.

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.