Diageo plc’s (DGE) “Neutral” Rating Reiterated at Citigroup Inc.
Diageo plc (LON:DGE)‘s stock had its “neutral” rating reissued by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday, July 25th. They presently have a GBX 2,500 ($32.45) price objective on the stock. Citigroup Inc.’s price target points to a potential downside of 1.94% from the stock’s current price.
Other research analysts also recently issued reports about the company. Shore Capital reiterated a “buy” rating on shares of Diageo plc in a research note on Tuesday, May 9th. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,600 ($33.75) price target on shares of Diageo plc in a research note on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,500 ($32.45) price target on shares of Diageo plc in a research note on Wednesday, April 26th. UBS AG set a GBX 2,450 ($31.81) price target on Diageo plc and gave the company a “buy” rating in a research note on Wednesday, April 19th. Finally, Morgan Stanley set a GBX 2,500 ($32.45) price target on Diageo plc and gave the company a “buy” rating in a research note on Thursday, April 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,521.05 ($32.73).
Shares of Diageo plc (LON:DGE) traded down 1.39% during midday trading on Tuesday, reaching GBX 2549.50. The company’s stock had a trading volume of 4,009,753 shares. The firm’s market cap is GBX 64.08 billion. Diageo plc has a 12 month low of GBX 1,946.00 and a 12 month high of GBX 2,604.00. The company has a 50-day moving average price of GBX 2,377.28 and a 200-day moving average price of GBX 2,310.89.
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In other news, insider Alan Stewart acquired 4,076 shares of Diageo plc stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of GBX 2,465 ($32.00) per share, with a total value of £100,473.40 ($130,434.12). Also, insider Javier Ferran acquired 65,000 shares of Diageo plc stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18). Insiders have purchased 69,100 shares of company stock valued at $172,798,875 over the last ninety days.
About Diageo plc
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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