Jefferies Sticks to Its Buy Rating for Diageo (DGEAF)
Jefferies analyst Ed Mundy maintained a Buy rating on Diageo today and set a price target of £23.00.
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According to TipRanks, Mundy is an analyst with an average return of -0.3% and a 44.76% success rate. Mundy covers the Consumer Defensive sector, focusing on stocks such as Pernod Ricard, Diageo, and Imperial Brands.
In addition to Jefferies, Diageo also received a Buy from Barclays’s Laurence Whyatt in a report issued on December 11. However, today, J.P. Morgan maintained a Hold rating on Diageo (Other OTC: DGEAF).
Based on Diageo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p9.42 billion and a net profit of p422.6 million. In comparison, last year the company earned a revenue of p9.31 billion and had a net profit of p1.66 billion
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