Citigroup Inc. Reiterates “Neutral” Rating for Diageo plc (DGE)
Diageo plc (LON:DGE)‘s stock had its “neutral” rating restated by Citigroup Inc. in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 2,500 ($31.85) price objective on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 8.46% from the stock’s current price.
A number of other research firms also recently commented on DGE. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,500 ($31.85) price objective on shares of Diageo plc in a research note on Wednesday, May 10th. Sanford C. Bernstein set a GBX 2,780 ($35.42) price objective on shares of Diageo plc and gave the company a “neutral” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,600 ($33.13) price objective on shares of Diageo plc in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a GBX 2,100 ($26.76) price objective on shares of Diageo plc and gave the company a “sell” rating in a research note on Saturday, May 20th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,500 ($31.85) price objective on shares of Diageo plc in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,396.73 ($30.54).
Diageo plc (LON DGE) traded down 1.33% during midday trading on Thursday, reaching GBX 2305.00. 4,569,168 shares of the company traded hands. The firm’s market capitalization is GBX 57.88 billion. Diageo plc has a 12 month low of GBX 1,765.00 and a 12 month high of GBX 2,413.50. The company’s 50-day moving average price is GBX 2,318.23 and its 200 day moving average price is GBX 2,236.14.
In other news, insider Kathryn Mikells sold 20,664 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of GBX 2,291 ($29.19), for a total transaction of £473,412.24 ($603,149.75). Also, insider Philip G. Scott sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($29.09), for a total value of £182,640 ($232,692.06).
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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