Diageo (LON:DGE) Given New GBX 2,370 Price Target at Berenberg Bank

Diageo (LON:DGE) had its target price trimmed by Berenberg Bank from GBX 2,372 to GBX 2,370 in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on DGE. UBS Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Citigroup cut their target price on 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. Deutsche Bank Aktiengesellschaft decreased their price target on Diageo from GBX 1,950 to GBX 1,915 and set a “hold” rating for the company in a report on Thursday, October 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 price objective on shares of Diageo in a research note on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,400 target price on shares of Diageo in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,276.88.

Diageo Stock Up 2.8%

Shares of LON DGE traded up GBX 46.50 during mid-day trading on Thursday, reaching GBX 1,726.50. 5,494,463 shares of the company’s stock traded hands, compared to its average volume of 4,362,475. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The business has a 50-day simple moving average of GBX 1,833.24 and a 200 day simple moving average of GBX 1,941.96. The stock has a market cap of £38.39 billion, a P/E ratio of 16.33, a PEG ratio of 1.75 and a beta of 0.36. Diageo has a 1-year low of GBX 1,664 and a 1-year high of GBX 2,619.50.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni bought 358 shares of the stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of GBX 1,833 per share, for a total transaction of £6,562.14. In the last quarter, insiders acquired 1,042 shares of company stock worth $2,012,634. Insiders own 0.16% of the company’s stock.

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.