Diageo (LON:DGE) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Diageo (LON:DGE) in a research report sent to investors on Friday morning,Digital Look reports. Berenberg Bank currently has a GBX 2,223 price objective on the stock.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,734 target price on shares of Diageo in a research note on Tuesday, October 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,200 price target on shares of Diageo in a report on Thursday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,960.50.

Diageo Stock Up 1.3%

LON DGE traded up GBX 25 on Friday, reaching GBX 1,882.50. The company had a trading volume of 6,154,490 shares, compared to its average volume of 18,076,078. The firm has a market capitalization of £41.88 billion, a PE ratio of 24.17, a P/E/G 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 1,908. The firm has a 50-day moving average of GBX 1,684.16 and a 200-day moving average of GBX 1,602.21. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni purchased 414 shares of Diageo stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of GBX 1,585 per share, with a total value of £6,561.90. Insiders bought a total of 1,203 shares of company stock valued at $2,000,783 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Diageo News Summary

Here are the key news stories impacting Diageo this week:

• Positive Sentiment: First-quarter net sales rose 1.2% to $4.93 billion; organic net sales increased 0.6% excluding the impact of EABL. Results beat estimates, with North America performing better than expected, and Diageo maintained its FY2027 guidance. Diageo reports first-quarter sales growth and maintains guidance
• Positive Sentiment: Berenberg reaffirmed its buy rating with a GBX 2,223 target, while Jefferies reiterated buy with a GBX 2,200 target—both implying potential upside from the recent trading level.
• Neutral Sentiment: Deutsche Bank raised its target slightly to GBX 1,740 but retained a hold rating. Shareholders also approved all resolutions at Diageo’s 5 November AGM. Diageo shareholders approve all AGM resolutions
• Negative Sentiment: Diageo cautioned that a U.S. turnaround will take time, tempering expectations for a quick recovery in a key market. Diageo warns U.S. turnaround will take time
• Negative Sentiment: Rising competition in the UK and Ireland stout market adds pressure to a core category. Diageo flags rising UK and Irish competition in stout

Diageo Company Profile

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.