Deutsche Bank cuts target for Diageo stock from GBp 1,770 to GBp 1,734

Published on 10/06/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue fell 3.00 percent to USD 19.64 billion. Diageo stock costs EUR 18.75 on October 6, 2026 after EUR 18.63, plus 0.64 percent.

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Diageo stock (ISIN GB0002374006) was trading at EUR 18.75 at Lang & Schwarz on October 6, 2026 at 11:02 a.m. CEST, plus 0.64 percent versus the prior close of EUR 18.63. Deutsche Bank cut its Diageo target from GBp 1,770 to GBp 1,734 on September 16, 2026, according to MarketBeat.

Deutsche Bank lowers its target

The target cut places the analyst view below the wider broker consensus. MarketBeat reported an average 12-month target of GBp 2,033.86 from seven analysts, with four buy ratings and three hold ratings. Individual targets ranged from GBp 1,734 to GBp 2,223, making the Deutsche Bank target the lower end of that published range.

The LSE listing is identified as DGE under ISIN GB0002374006 by Global Banking & Finance Review. The company operates across spirits, beer and ready-to-drink beverages, with brands including Guinness, Johnnie Walker and Don Julio.

Fiscal 2026 shows mixed recovery

Diageo's investor-relations page reports a 2.00 percent decline in organic net sales and a 2.00 percent increase in organic operating profit before exceptional items for fiscal 2026. Basic earnings per share before exceptional items stood at 165.3 cents for the fiscal year ended June 30, 2026, according to Diageo.

The reported numbers were weaker than the underlying operating measure. The fiscal 2026 report listed net sales of USD 19.64 billion, down 3.00 percent from USD 20.25 billion in fiscal 2025, while reported operating profit fell 27.20 percent to USD 3.16 billion, as reported by MetaTrader. The contrast between the 2.00 percent organic operating profit increase and the 27.20 percent reported decline makes exceptional charges central to the recovery story.

EUR quote stays above prior close

Diageo was trading at EUR 18.75 at Lang & Schwarz on October 6, 2026 at 11:02 a.m. CEST, compared with the Lang & Schwarz prior close of EUR 18.63 on October 5, 2026, a daily gain of 0.64 percent. The further course of trading is shown by the continuously updated real-time quote of Diageo stock.