J.P. Morgan Sticks to Its Hold Rating for Diageo (DGEAF)
J.P. Morgan analyst Celine Pannuti CFA maintained a Hold rating on Diageo today and set a price target of £18.00.
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According to TipRanks, Pannuti CFA is ranked #10826 out of 12173 analysts.
In addition to J.P. Morgan, Diageo also received a Hold from UBS’s Sanjeet Aujla in a report issued yesterday. However, today, Bank of America Securities reiterated a Buy rating on Diageo (Other OTC: DGEAF).
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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