Diageo (LON:DGE) Rating Reiterated by Citigroup

Diageo (LON:DGE)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a research report issued to clients and investors on Monday, LSE.Co.UK reports. They presently have a GBX 3,000 ($38.80) target price on the stock. Citigroup’s target price would indicate a potential upside of 17.52% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th. Barclays raised their price objective on Diageo from GBX 3,550 ($45.91) to GBX 3,640 ($47.08) and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,800 ($36.21) price objective on shares of Diageo in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and an average target price of GBX 3,028 ($39.16).

Diageo Trading Down 0.5 %

Shares of DGE traded down GBX 12.75 ($0.16) during mid-day trading on Monday, reaching GBX 2,552.75 ($33.02). 35,114,648 shares of the company were exchanged, compared to its average volume of 3,737,460. Diageo has a 52 week low of GBX 2,165.60 ($28.01) and a 52 week high of GBX 3,509 ($45.38). The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. The stock has a market capitalization of £56.67 billion, a PE ratio of 1,773.26, a PEG ratio of 1.58 and a beta of 0.33. The business has a 50 day simple moving average of GBX 2,577.08 and a two-hundred day simple moving average of GBX 2,757.98.

Insider Buying and Selling

In other Diageo news, insider Javier Ferrán bought 314 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of GBX 2,640 ($34.14) per share, with a total value of £8,289.60 ($10,721.16). Insiders acquired 612 shares of company stock valued at $1,671,964 over the last 90 days. Company insiders own 0.13% of the company’s stock.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.