Deutsche Bank keeps GBp 1,734.00 target for Diageo stock

Published on 10/15/2026 at 19:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diageo reports on November 5, 2026. Diageo stock costs EUR 20.73 on October 15, 2026, up 1.27 percent versus the Xetra close.

Target and calendar shape trading

Deutsche Bank Research maintained its Hold rating and GBp 1,734.00 target on October 14, 2026.
Diageo will publish its fiscal 2027 first-quarter trading statement on November 5, 2026.
Diageo stock costs EUR 20.73 at Lang & Schwarz on October 15, 2026 at 7:05 p.m. CEST, 1.27 percent above the Xetra close of October 15, 2026.
Diageo had a USD 52.3 billion market capitalization and a 29.87 P/E ratio on October 15, 2026.

Fotorealistische schottische Whisky-Destillerie mit Kupferkesseln und Eichenfässern — Diageo plc GB0002374006 zeigt fotorealistisch eine schottische Destillerie mit Kupferbrennblasen und Eichenfässern im warmen Licht, Illustration mit AI erstellt.

Deutsche Bank Research maintained a Hold rating and a GBp 1,734.00 price target for Diageo on October 14, 2026, according to finanzen.ch. The target is 0.32 percent below the GBp 1,739.50 London close of October 14. Diageo stock was trading at EUR 20.73 at Lang & Schwarz on October 15, 2026 at 7:05 p.m. CEST, up 1.27 percent versus the Xetra close of October 15, 2026 at EUR 20.47.

November 5 brings two investor dates

Diageo will publish its fiscal 2027 first-quarter trading statement and hold its annual general meeting on November 5, 2026. The company lists the trading statement and meeting in its investor calendar, with the webcast scheduled for 9:30 a.m. UK time, according to Diageo.

Stock position after the latest move

The euro quote sits 1.27 percent above the Xetra close. The same-day London quotation was GBp 1,739.50 at the October 15 close, while Diageo's London listing is denominated in pence. Diageo's fiscal 2026 organic net sales fell 2.00 percent, and organic operating profit before exceptional items rose 2.00 percent, according to the investor-relations presentation.

That combination leaves the November update as the next scheduled test for the trading picture. The fiscal 2026 results showed revenue of USD 19.64 billion, operating profit of USD 3.16 billion and net income of USD 1.96 billion for the year ended June 30, 2026. The figures provide a dated operating comparison for the next trading statement.

Comparison with peers

Diageo: plus 1.27 percent, P/E 29.87, market capitalization USD 52.3 billion.

Heineken N.V. (NYSE, USD): plus 1.48 percent, P/E 18.28, market capitalization USD 46.4 billion.

Brown-Forman Corporation (NYSE, USD): plus 1.71 percent, P/E 18.81, market capitalization USD 13.3 billion.

Valuation and the next date

Diageo's market capitalization was USD 52.3 billion and its P/E ratio was 29.87 on October 15, 2026. The trailing dividend yield was 2.00 percent. Deutsche Bank's GBp 1,734.00 target and Hold rating therefore remain the clearest dated valuation reference before November 5.

Price and investor calendar

Diageo stock was trading at EUR 20.73 at Lang & Schwarz on October 15, 2026 at 7:05 p.m. CEST, 1.27 percent above the Xetra close of October 15, 2026 at EUR 20.47. The next scheduled company date is November 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Diageo stock.