Citigroup Reaffirms Buy Rating for Diageo (LON:DGE)

Citigroup restated their buy rating on shares of Diageo (LON:DGE - Free Report) in a research report report published on Tuesday, Marketbeat.com reports.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 2,372 ($32.24) target price on shares of Diageo in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 2,571.71 ($34.95).

Diageo Price Performance

DGE traded up GBX 9.50 ($0.13) during trading on Tuesday, reaching GBX 1,924.50 ($26.16). 5,435,220 shares of the stock were exchanged, compared to its average volume of 4,255,362. The business's 50 day moving average price is GBX 2,001.40 and its two-hundred day moving average price is GBX 2,145.91. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The company has a market capitalization of £42.72 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 1 year low of GBX 1,820 ($24.73) and a 1 year high of GBX 2,731.50 ($37.12).

Insider Activity

In related news, insider John Alexander Manzoni bought 335 shares of the stock in a transaction dated Wednesday, July 9th. The stock was acquired at an average price of GBX 1,955 ($26.57) per share, for a total transaction of £6,549.25 ($8,900.86). Insiders bought a total of 973 shares of company stock valued at $1,983,902 in the last ninety days. 0.11% of the stock is currently owned by company insiders.

About Diageo

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.