J.P. Morgan Sticks to Their Hold Rating for Diageo (DGEAF)
In a report released today, Celine Pannuti CFA from J.P. Morgan maintained a Hold rating on Diageo, with a price target of £18.00.
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According to TipRanks, Pannuti CFA is ranked #10829 out of 12188 analysts.
In addition to J.P. Morgan, Diageo also received a Hold from Goldman Sachs’s Olivier Nicolai in a report issued on May 7. However, on the same day, Barclays maintained 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 143 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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