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.

Diageo (LON:DGE - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Citigroup in a research report issued on Monday,London Stock Exchange reports.

DGE has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Diageo from GBX 1,960 ($26.03) to GBX 2,010 ($26.69) and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,372 ($31.50) price objective on shares of Diageo in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,400 ($31.87) price objective on shares of Diageo in a report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,500.33 ($33.20).

Diageo Trading Down 1.0%

Shares of LON DGE opened at GBX 1,804.50 ($23.96) on Monday. The business has a 50 day simple moving average of GBX 1,926.42 and a 200 day simple moving average of GBX 2,073.96. Diageo has a 52 week low of GBX 1,511 ($20.06) and a 52 week high of GBX 2,677 ($35.55). The stock has a market cap of £40.06 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Insider Transactions at Diageo

In other news, insider John Alexander Manzoni bought 335 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were purchased at an average price of GBX 1,955 ($25.96) per share, for a total transaction of £6,549.25 ($8,696.39). In the last quarter, insiders have acquired 981 shares of company stock valued at $1,999,510. Company 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.

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