Diageo (LON:DGE) Earns “Buy” Rating from Berenberg Bank

Diageo (LON:DGE)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 2,223 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 25.24% from the stock’s previous close.

A number of other research analysts have also weighed in on DGE. UBS Group reissued a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a £222.30 price target on shares of Diageo in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered shares of Diageo to a “hold” rating and set a GBX 1,700 price objective for the company. in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Diageo currently has an average rating of “Moderate Buy” and an average target price of GBX 4,890.43.

Diageo Stock Performance

LON:DGE opened at GBX 1,775 on Friday. The company has a market cap of £39.47 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.75 and a beta of 0.31. Diageo has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 2,142. The stock’s 50 day simple moving average is GBX 1,548.41 and its two-hundred day simple moving average is GBX 1,558.23. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Buying and Selling

In related news, insider John Rishton bought 3,274 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni bought 436 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were bought at an average cost of GBX 1,503 per share, for a total transaction of £6,553.08. Over the last 90 days, insiders have acquired 4,606 shares of company stock worth $7,012,849. Company insiders own 0.16% of the company’s stock.

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. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.