In a report released today, Ed Mundy from Jefferies maintained a Hold rating on Diageo (DGEAF – Research Report), with a price target of £30.00. The company’s shares closed yesterday at $34.21.
Mundy covers the Consumer Defensive sector, focusing on stocks such as Diageo, Diageo, and Coca-Cola Europacific Partners. According to TipRanks, Mundy has an average return of 4.2% and a 51.22% success rate on recommended stocks.
In addition to Jefferies, Diageo also received a Hold from Bank of America Securities’s Andrea Pistacchi in a report issued on January 11. However, yesterday, Morgan Stanley maintained a Sell rating on Diageo (Other OTC: DGEAF).
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DGEAF market cap is currently $76.1B and has a P/E ratio of 17.24.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DGEAF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Diageo (DGEAF) Company Description:
Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other. The company was founded on October 21, 1886 and is headquartered in London, the United Kingdom.
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