Diageo Receives Buy Rating from Citigroup Inc. (DGE)
Diageo (LON:DGE)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Monday, Analyst Ratings Net reports. They currently have a GBX 2,240 ($36.91) price objective on the stock. Citigroup Inc.’s target price points to a potential upside of 17.46% from the stock’s previous close.
Diageo (LON:DGE) traded down 2.03% during mid-day trading on Monday, hitting GBX 1907.00. The stock had a trading volume of 4,877,504 shares. Diageo has a 52-week low of GBX 1809.4999 and a 52-week high of GBX 2152.50. The stock’s 50-day moving average is GBX 1955. and its 200-day moving average is GBX 1989.. The company’s market cap is £47.735 billion.
DGE has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 2,440 ($40.20) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Diageo in a research note to investors on Thursday. They now have a GBX 2,200 ($36.25) price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Diageo from GBX 2,050 ($33.78) to GBX 2,000 ($32.95) in a research note to investors on Tuesday, January 21st. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 2,171.33 ($35.78).
Diageo plc (LON:DGE) is engaged in drinks business.
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