Diageo's (DGE) Buy Rating Reaffirmed at Citigroup

Key Points

• Citigroup has reaffirmed a "buy" rating for Diageo (DGE) in a recent research report, indicating continued confidence in the stock.
• Diageo's stock currently has an average target price of GBX 2,500.33 ($33.20) and a consensus rating of "Moderate Buy" from analysts.
• Insider transactions have been noted, with John Alexander Manzoni purchasing 335 shares at an average price of GBX 1,955 ($25.96) recently.

Citigroup reissued their buy rating on shares of Diageo (LON:DGE - Free Report) in a research report released on Monday morning, Marketbeat reports.

A number of other brokerages have also issued reports on DGE. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,400 ($32.28) target price on shares of Diageo in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Diageo from GBX 1,960 ($26.36) to GBX 2,010 ($27.03) and gave the company a "hold" rating in a report on Tuesday, July 8th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 2,372 ($31.90) price objective on shares of Diageo in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Diageo has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,393.14 ($32.18).

Diageo Price Performance

DGE traded down GBX 5 ($0.07) during trading hours on Monday, hitting GBX 2,021 ($27.18). The company's stock had a trading volume of 3,041,995 shares, compared to its average volume of 4,388,322. The business's 50-day moving average price is GBX 1,918.72 and its 200-day moving average price is GBX 2,067.82. Diageo has a 12 month low of GBX 1,797 ($24.17) and a 12 month high of GBX 2,677 ($36.00). The stock has a market cap of £44.86 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni bought 335 shares of Diageo stock in a transaction on Wednesday, July 9th. The stock was acquired at an average cost of GBX 1,955 ($26.29) per share, for a total transaction of £6,549.25 ($8,807.49). Insiders bought 981 shares of company stock valued at $1,999,510 in the last ninety days. Insiders own 0.11% of the company's stock.

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.