Diageo (DGE) Receives “Buy” Rating from Citigroup

Citigroup restated their buy rating on shares of Diageo (LON:DGE) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on DGE. Goldman Sachs Group set a GBX 3,215 ($42.01) target price on shares of Diageo and gave the company a buy rating in a research report on Monday, December 17th. Sanford C. Bernstein cut shares of Diageo to an underperform rating and dropped their target price for the company from GBX 2,500 ($32.67) to GBX 2,420 ($31.62) in a research report on Friday, January 4th. UBS Group set a GBX 3,100 ($40.51) target price on shares of Diageo and gave the company a buy rating in a research report on Friday, January 11th. Credit Suisse Group restated an outperform rating and issued a GBX 3,250 ($42.47) target price on shares of Diageo in a research report on Monday, January 14th. Finally, Berenberg Bank boosted their target price on shares of Diageo from GBX 2,550 ($33.32) to GBX 2,670 ($34.89) and gave the company a hold rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 3,084.41 ($40.30).

Shares of LON:DGE opened at GBX 3,120.50 ($40.77) on Friday. The company has a market capitalization of $74.54 billion and a PE ratio of 26.16. The company has a quick ratio of 0.72, a current ratio of 1.48 and a debt-to-equity ratio of 109.30. Diageo has a 12 month low of GBX 2,436.50 ($31.84) and a 12 month high of GBX 3,156.50 ($41.25).

Diageo (LON:DGE) last issued its earnings results on Thursday, January 31st. The company reported GBX 77 ($1.01) EPS for the quarter, beating the consensus estimate of GBX 70.80 ($0.93) by GBX 6.20 ($0.08). As a group, research analysts expect that Diageo will post 13580.0003583641 EPS for the current year.

The business also recently declared a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, February 28th were issued a dividend of GBX 26.10 ($0.34) per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 0.56%.

In related news, insider Javier Ferrán purchased 275 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were bought at an average cost of GBX 3,009 ($39.32) per share, with a total value of £8,274.75 ($10,812.43). Also, insider Ivan Menezes sold 47,904 shares of Diageo stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 3,961 ($51.76), for a total transaction of £1,897,477.44 ($2,479,390.36). Insiders have purchased a total of 3,149 shares of company stock worth $11,809,085 over the last ninety days.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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