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Bernstein Remains a Buy on Diageo (DGEAF)

Tipranks - Tipranks - Tue Apr 21, 9:14AM CDT

Bernstein analyst Trevor Stirling maintained a Buy rating on Diageo today and set a price target of £24.00.

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According to TipRanks, Stirling is an analyst with an average return of -1.3% and a 46.30% success rate.

In addition to Bernstein, Diageo also received a Buy from Citi’s Simon Hales in a report issued on April 15. However, on the same day, UBS maintained a Hold 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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