Diageo’s (DGE) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Diageo (LON:DGE) in a research report report published on Monday morning, MarketBeat reports.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,400 ($31.90) target price on shares of Diageo in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Diageo from GBX 1,960 ($26.05) to GBX 2,010 ($26.71) and gave the stock a “hold” rating in a research note on Tuesday, July 8th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,372 ($31.53) price target on shares of Diageo in a research note on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,500.33 ($33.23).

Diageo Trading Down 1.0%

Shares of Diageo stock opened at GBX 1,803.50 ($23.97) on Monday. The company has a fifty day simple moving average of GBX 1,921.68 and a 200-day simple moving average of GBX 2,069.55. Diageo has a 12-month low of GBX 1,797 ($23.88) and a 12-month high of GBX 2,677 ($35.58). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The stock has a market cap of £40.04 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other news, insider John Alexander Manzoni bought 335 shares of Diageo stock in a transaction dated Wednesday, July 9th. The stock was bought at an average price of GBX 1,955 ($25.98) per share, for a total transaction of £6,549.25 ($8,704.48). In the last ninety days, insiders have acquired 981 shares of company stock valued at $1,999,510. 0.11% of the stock is currently owned by company insiders.

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.