Citigroup Cuts Diageo (LON:DGE) Price Target to GBX 2,480

Diageo (LON:DGE) had its price target decreased by Citigroup from GBX 2,750 to GBX 2,480 in a research note issued to investors on Monday, MarketBeat reports. Citigroup currently has a buy rating on the stock.

A number of other analysts also recently weighed in on DGE. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,372 target price on shares of Diageo in a research report on Tuesday, August 5th. Jefferies Financial Group dropped their price objective on shares of Diageo from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research note on Monday, September 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,400 price objective on shares of Diageo in a report on Wednesday, July 16th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Thursday, August 7th. Finally, The Goldman Sachs Group raised Diageo to a “neutral” rating and set a GBX 2,000 price target on the stock in a research report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,373.38.

Diageo Price Performance

Shares of DGE stock opened at GBX 1,833.53 on Monday. The business’s fifty day moving average is GBX 1,900.41 and its 200 day moving average is GBX 1,963.70. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The stock has a market cap of £40.77 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.75 and a beta of 0.36. Diageo has a twelve month low of GBX 1,736.87 and a twelve month high of GBX 2,635.50.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni acquired 358 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average cost of GBX 1,833 per share, for a total transaction of £6,562.14. Insiders have purchased 1,042 shares of company stock worth $2,012,634 in the last three months. Insiders own 0.16% of the company’s stock.

Diageo Company Profile

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.