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Diageo (DGEAF) Gets a Hold from Goldman Sachs

Tipranks - Tipranks - Thu Apr 16, 2:14AM CDT

In a report released today, from Goldman Sachs maintained a Hold rating on Diageo, with a price target of p1,800.00.

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In addition to Goldman Sachs, Diageo also received a Hold from J.P. Morgan’s Celine Pannuti CFA in a report issued yesterday. However, today, Citi maintained a Buy rating on Diageo (Other OTC: DGEAF).

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Based on Diageo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p10.51 billion and a net profit of p2 billion. In comparison, last year the company earned a revenue of p10.9 billion and had a net profit of p1.94 billion

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DGEAF in relation to earlier this year.

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