Diageo (DGE) Receives “Buy” Rating from Citigroup

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Citigroup reaffirmed their buy rating on shares of Diageo (LON:DGE) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

DGE has been the topic of a number of other reports. Kepler Capital Markets raised their price objective on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,300 ($43.12) and gave the stock a buy rating in a report on Tuesday, February 5th. Liberum Capital upgraded shares of Diageo to a hold rating in a report on Thursday, January 31st. Barclays assumed coverage on shares of Diageo in a report on Tuesday, April 2nd. They set an overweight rating and a GBX 3,470 ($45.34) price objective on the stock. Sanford C. Bernstein lowered shares of Diageo to an underperform rating and dropped their price objective for the stock from GBX 2,500 ($32.67) to GBX 2,420 ($31.62) in a report on Friday, January 4th. Finally, Investec restated a sell rating and set a GBX 2,950 ($38.55) price objective (up from GBX 2,550 ($33.32)) on shares of Diageo in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 3,084.41 ($40.30).

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

Diageo (LON:DGE) last issued its quarterly earnings data on Thursday, January 31st. The company reported GBX 77 ($1.01) EPS for the quarter, topping analysts’ consensus estimates of GBX 70.80 ($0.93) by GBX 6.20 ($0.08). Research analysts predict that Diageo will post 13580.0003583641 earnings per share for the current year.

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

In other Diageo news, insider Susan Kilsby bought 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of GBX 3,901 ($50.97) per share, with a total value of £101,426 ($132,531.03). Also, insider Ivan Menezes sold 47,904 shares of the firm’s stock in a transaction 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). In the last ninety days, insiders purchased 3,149 shares of company stock valued at $11,809,085.

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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