Diageo (LON:DGE) Receives Buy Rating from Citigroup

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

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 2,372 ($32.24) price target on shares of Diageo in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Diageo currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,571.71 ($34.95).

Diageo Stock Performance

Shares of DGE traded down GBX 24.50 ($0.33) during trading hours on Tuesday, hitting GBX 1,915 ($26.03). The stock had a trading volume of 5,611,728 shares, compared to its average volume of 4,246,355. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. Diageo has a 12 month low of GBX 1,820 ($24.73) and a 12 month high of GBX 2,731.50 ($37.12). The firm has a market capitalization of £42.51 billion, a PE ratio of 10.73, a PEG ratio of 1.75 and a beta of 0.36. The stock has a fifty day moving average price of GBX 2,004.65 and a 200 day moving average price of GBX 2,147.51.

Insider Buying and Selling at Diageo

In other news, insider John Alexander Manzoni purchased 331 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were acquired at an average price of GBX 1,985 ($26.98) per share, for a total transaction of £6,570.35 ($8,929.53). Over the last ninety days, insiders acquired 953 shares of company stock valued at $1,983,862. 0.11% of the stock is 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.