Kepler Capital Markets Downgrades Diageo (LON:DGE) to Hold

Diageo (LON:DGE) was downgraded by investment analysts at Kepler Capital Markets to a “hold” rating in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 3,400 ($44.43) price objective on the stock, up from their previous price objective of GBX 3,300 ($43.12). Kepler Capital Markets’ price target indicates a potential downside of 1.00% from the stock’s previous close.

Several other research analysts have also recently commented on DGE. Investec upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Deutsche Bank upgraded shares of SUN ART RETAIL/ADR from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Sanford C. Bernstein set a €105.00 ($122.09) price target on shares of Merck KGaA and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,453 ($18.99) price target on shares of in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 3,200.88 ($41.83).

Shares of Diageo stock traded down GBX 4 ($0.05) on Tuesday, reaching GBX 3,434.50 ($44.88). The company had a trading volume of 2,262,371 shares, compared to its average volume of 4,520,000. The business has a 50 day simple moving average of GBX 3,387.59. The stock has a market cap of $81.46 billion and a price-to-earnings ratio of 28.79. 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 company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30.

About Diageo

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.

Further Reading: Why do analysts give a neutral rating?

Analyst Recommendations for Diageo (LON:DGE)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with's FREE daily email newsletter.