Diageo (LON:DGE) Rating Reiterated by Deutsche Bank
Diageo (LON:DGE)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on DGE. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 250 ($3.27) target price on shares of in a research note on Tuesday, June 18th. Sanford C. Bernstein set a €105.00 ($122.09) target price on shares of Merck KGaA and gave the stock a “buy” rating in a research note on Monday, April 8th. Investec raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,453 ($18.99) target price on shares of in a research note on Tuesday, June 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 3,224.41 ($42.13).
Shares of LON DGE opened at GBX 3,391 ($44.31) on Friday. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30. Diageo has a 52 week low of GBX 2,513 ($32.84) and a 52 week high of GBX 3,500.50 ($45.74). The business has a fifty day moving average price of GBX 3,391.36. The stock has a market capitalization of $80.43 billion and a P/E ratio of 28.42.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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