In a report released today, Mitch Collett from Deutsche Bank maintained a Sell rating on Diageo (DGEAF – Research Report), with a price target of £24.00. The company’s shares closed yesterday at $34.64.
According to TipRanks, Collett is a 3-star analyst with an average return of 2.3% and a 59.62% success rate. Collett covers the Consumer Defensive sector, focusing on stocks such as Diageo, Carlsberg, and Coca-Cola Europacific Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Diageo with a $37.98 average price target.
The company has a one-year high of $46.72 and a one-year low of $32.93. Currently, Diageo has an average volume of 2,579.
Based on the recent corporate insider activity of 131 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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