Diageo (LON:DGE) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of Diageo (LON:DGE) to a buy rating in a research report released on Wednesday morning, Marketbeat reports. They currently have GBX 3,000 ($37.95) target price on the stock.

Other analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a hold rating and issued a GBX 2,800 ($35.42) price objective on shares of Diageo in a research report on Wednesday, June 12th. Barclays boosted their price objective on Diageo from GBX 3,550 ($44.90) to GBX 3,640 ($46.04) and gave the company an overweight rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a sell rating on shares of Diageo in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diageo currently has a consensus rating of Hold and a consensus price target of GBX 3,028 ($38.30).

Diageo Stock Performance

Shares of DGE stock opened at GBX 2,527.50 ($31.97) on Wednesday. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. Diageo has a fifty-two week low of GBX 2,165.60 ($27.39) and a fifty-two week high of GBX 3,509 ($44.38). The stock has a 50 day moving average price of GBX 2,669.76 and a two-hundred day moving average price of GBX 2,795.47. The company has a market capitalization of £56.11 billion, a P/E ratio of 1,742.01, a PEG ratio of 1.58 and a beta of 0.33.

Insider Activity at Diageo

In other news, insider Javier Ferrán purchased 314 shares of Diageo stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of GBX 2,640 ($33.39) per share, with a total value of £8,289.60 ($10,485.20). In other news, insider Javier Ferrán purchased 314 shares of Diageo stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of GBX 2,640 ($33.39) per share, with a total value of £8,289.60 ($10,485.20). Also, insider Karen Blackett purchased 702 shares of Diageo stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average cost of GBX 2,826 ($35.75) per share, for a total transaction of £19,838.52 ($25,092.99). Insiders acquired a total of 1,313 shares of company stock worth $3,655,074 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Diageo Company Profile

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.