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Deutsche Bank Aktiengesellschaft Lowers Diageo (NYSE:DEO) Price Target to GBX 2,750

Diageo (NYSE:DEOGet Rating) had its target price cut by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,160 ($38.50) to GBX 2,750 ($33.50) in a research report issued on Thursday, The Fly reports.

DEO has been the subject of several other research reports. Erste Group Bank downgraded Diageo from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Morgan Stanley downgraded shares of Diageo from an “overweight” rating to an “equal weight” rating in a report on Friday, January 6th. UBS Group cut shares of Diageo from a “buy” rating to a “neutral” rating in a report on Thursday. Credit Suisse Group boosted their price objective on Diageo from GBX 4,400 ($53.61) to GBX 4,500 ($54.82) in a report on Wednesday, January 4th. Finally, StockNews.com assumed coverage on Diageo in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4,113.33.

Diageo Stock Performance

Shares of DEO traded down $1.37 during mid-day trading on Thursday, reaching $180.71. The company’s stock had a trading volume of 25,900 shares, compared to its average volume of 420,650. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. Diageo has a 1-year low of $160.09 and a 1-year high of $212.33. The business has a 50-day simple moving average of $179.88 and a two-hundred day simple moving average of $177.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BCGM Wealth Management LLC raised its stake in shares of Diageo by 1.1% in the second quarter. BCGM Wealth Management LLC now owns 5,649 shares of the company’s stock valued at $1,081,000 after buying an additional 59 shares during the period. Tevis Investment Management boosted its position in Diageo by 6.2% during the second quarter. Tevis Investment Management now owns 1,009 shares of the company’s stock worth $175,000 after purchasing an additional 59 shares during the period. Norway Savings Bank increased its stake in shares of Diageo by 3.3% in the second quarter. Norway Savings Bank now owns 1,878 shares of the company’s stock worth $327,000 after purchasing an additional 60 shares in the last quarter. Private Trust Co. NA raised its position in shares of Diageo by 2.9% in the second quarter. Private Trust Co. NA now owns 2,162 shares of the company’s stock valued at $376,000 after purchasing an additional 60 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of Diageo by 2.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,927 shares of the company’s stock valued at $497,000 after buying an additional 62 shares in the last quarter. Institutional investors own 9.04% of the company’s stock.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, 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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Analyst Recommendations for Diageo (NYSE:DEO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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