Diageo (LON:DGE) Given Buy Rating at Citigroup

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

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 ($32.00) target price on shares of Diageo in a report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 2,571.71 ($34.69).

Diageo Stock Down 2.4%

Shares of LON:DGE traded down GBX 47.50 ($0.64) on Tuesday, hitting GBX 1,900.50 ($25.64). 3,517,376 shares of the company's stock were exchanged, compared to its average volume of 4,250,587. The firm's 50-day moving average is GBX 1,993.54 and its 200 day moving average is GBX 2,137.86. The company has a market capitalization of £42.19 billion, a PE ratio of 10.65, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo has a 1-year low of GBX 1,820 ($24.55) and a 1-year high of GBX 2,731.50 ($36.85). 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 Buying and Selling at Diageo

In related news, insider John Alexander Manzoni purchased 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 ($26.37) per share, for a total transaction of £6,549.25 ($8,834.82). Over the last ninety days, insiders bought 981 shares of company stock valued at $1,999,510. 0.11% of the stock is currently owned by 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.