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Diageo plc (NYSE:DEO)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday.

Shares of Diageo plc (NYSE:DEO) traded down 0.74% during mid-day trading on Wednesday, hitting $121.39. 512,654 shares of the company’s stock traded hands. Diageo plc has a one year low of $114.96 and a one year high of $134.08. The stock’s 50-day moving average is $126.4 and its 200-day moving average is $125.2. The company has a market cap of $76.081 billion and a price-to-earnings ratio of 17.68.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Diageo plc in a research note on Monday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Diageo plc from a “neutral” rating to an “underweight” rating in a research note on Thursday, July 17th. Finally, analysts at Societe Generale downgraded shares of Diageo plc from a “hold” rating to a “sell” rating in a research note on Tuesday, July 15th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $130.00.

Diageo plc (NYSE:DEO) is engaged in drinks business.

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