Diageo (LON:DGE – Get Rating) received a GBX 2,650 ($32.81) price target from analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 22.63% from the stock’s current price.
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Other equities analysts also recently issued reports about the company. UBS Group set a GBX 3,950 ($48.90) target price on Diageo in a research note on Friday. Credit Suisse Group set a GBX 4,200 ($52.00) target price on Diageo in a research note on Friday. Jefferies Financial Group set a GBX 4,300 ($53.24) price target on Diageo in a report on Monday, December 26th. Barclays upped their price target on Diageo from GBX 5,010 ($62.03) to GBX 5,100 ($63.14) and gave the stock an “overweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. set a GBX 4,500 ($55.71) target price on Diageo in a report on Thursday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 4,052.86 ($50.18).
Diageo Stock Performance
DGE traded down GBX 47 ($0.58) on Friday, hitting GBX 3,425 ($42.40). 6,480,536 shares of the company traded hands, compared to its average volume of 3,789,013. The company has a 50 day moving average of GBX 3,701.64 and a 200-day moving average of GBX 3,726.31. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 176.36. The stock has a market capitalization of £77.72 billion and a PE ratio of 2,446.43. Diageo has a 12-month low of GBX 3,282.50 ($40.64) and a 12-month high of GBX 4,067 ($50.35).
Insider Buying and Selling at Diageo
In other Diageo news, insider Javier Ferrán bought 222 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were acquired at an average cost of GBX 3,734 ($46.23) per share, with a total value of £8,289.48 ($10,263.07). Insiders have purchased 679 shares of company stock valued at $2,485,340 over the last three months.
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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