Diageo's (DGE) "Buy" Rating Reiterated at Citigroup

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

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 ($32.25) price objective on shares of Diageo in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 2,571.71 ($34.96).

Diageo Stock Down 0.9%

DGE traded down GBX 17.50 ($0.24) during trading hours on Tuesday, hitting GBX 1,922 ($26.13). 50,903,996 shares of the company's stock were exchanged, compared to its average volume of 4,592,098. Diageo has a 12-month low of GBX 1,820 ($24.74) and a 12-month high of GBX 2,731.50 ($37.13). The firm has a 50 day moving average of GBX 2,004.65 and a 200 day moving average of GBX 2,147.51. The firm has a market cap of £42.67 billion, a P/E ratio of 10.77, a price-to-earnings-growth 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.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 331 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of GBX 1,985 ($26.98) per share, for a total transaction of £6,570.35 ($8,931.96). In the last ninety days, insiders have acquired 953 shares of company stock worth $1,983,862. 0.11% of the stock is owned by corporate 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.